It’s not out of the question for an agent to specialize only in listing homes for sale, while another might work strictly with homebuyers.
Most real estate agents handle about an equal number of buyers and sellers, however, so using the same professional in both roles is possible.
Can you sell a house and buy at the same time?
As long as both offers go through, you should be able to sell and buy very close together. The majority of homeowners manage to do this without even needing to rent temporary housing. On most occasions, when buying and selling a home at the same time, the closing for both the buy and sell will happen on the same day.
Should I use a Realtor to sell my home?
One way to save money is to avoid paying a real estate agent the full 3 percent commission to sell your home (you’ll still need to pay the buyer’s agent a 3 percent commission fee, unless the buyer didn’t use an agent). To avoid paying 3 percent to a listing agent all together, you can sell your house by owner.
Is it better to be a buyers agent or a sellers agent?
As a listing agent you control your time better.
As a sellers agent, you set the timeline for your appointments, open houses, inspections and showings. Most of a buyer’s agent day is spent on nights and weekends when their clients have the time to look, but sellers agents can set a more normal schedule.
Can you buy a new house before selling your old one?
There’s no rule against purchasing a new home before selling your old home, but if you’ll be taking out a new mortgage, your first step should be making sure you qualify.
What happens to your mortgage when you sell your house and buy another?
When you sell your home, the buyer’s funds pay your mortgage lender and cover transaction costs. The remaining amount becomes your profit. Your loan is repaid to your mortgage lender. Any additional loans (like a HELOC or home equity loan) are paid off.