Midtown Tulsa Real Estate - Lori Cain

Buying & Selling midtown Tulsa real estate at the same time: How is it possible?

I have two clients in this dilemma: one is down-sizing from a midtown Tulsa 3-story condo to a one-level home, and the other couple needs to leave their midtown Tulsa starter home for something larger to accommodate their growing family. Both are nervous about how it is possible to buy/sell at the same time, so I thought I would address the steps.

Buying & Selling your Tulsa homes at the same timeFirst, you have to put your midtown Tulsa home for sale on the market.  Unless you can afford two mortgage payments at the same time, you have to shop while you sell. Your Listing Realtor should be able to estimate the amount of time your home will be on the market, but because we don't have crystal balls - the best laid plans will sometimes surprise us. The custom searches Realtors are able to set up now allow you to view prospective midtown Tulsa homes for sale comfortably from your home so that you can rule out what you don't like and identify homes that meet your needs.

Ideally, you and your Realtor will be out shopping for midtown Tulsa homes for sale on Saturday and Sunday while cooperating Realtors are showing the home you wish to sell. Yes, it's entirely possible that you will find a home that you fall in love with before your home sells, but that usually works out. Every Buyer I've worked with in that situation wound up finding a home later that they loved more, so I remind my Buyers that if it wasn't meant to be, there's probably a good reason.

Once you receive an offer on your midtown Tulsa home for sale, you hopefully have your choices of homes you would consider purchasing narrowed down to a few.  Now, shop fast!  As you negotiate the details of the home you are selling, you will be preparing an offer on the home you'd like to buy.

In a perfect world, you will wind up at the closing table selling your home at 10:00 am and be back at the closing table at 1:00 to purchase your new home.  You may have your household belongings in a moving truck while all the paperwork is being signed, but it CAN be a smooth transition.

Remember that Buyers and Sellers don't have to be adversaries - and a GOOD Realtor will do all he/she can to keep a transaction together. I am remembering a transaction where the Seller needed two additional days to close on the home they were purchasing - my Buyers were moving from a rental, so in trade for extending the closing date two days, we asked the Sellers to pitch in additional monies on repairs.  There is always a solution and a possible" win-win" for all.

So, yes, you can shop and sell at the same time.  Jump in and start the process!

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Please visit my web site if you are shopping for Tulsa homes for sale or call 918-852-5036 for more information about Midtown Tulsa Real Estate. In addition to my advanced grasp of the internet to market your Tulsa home for sale, I include a home staging consultation with every listing AND professional photography - at no aditional cost to you!

Lori is a residential Realtor with eXp Realty serving the greater Tulsa area and specializing in downtown Tulsa and midtown Tulsa real estate.

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Comment balloon 8 commentsLori Cain • June 02 2009 08:10PM
Buying & Selling midtown Tulsa real estate at the same time: How…
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I have two clients in this dilemma: one is down-sizing from a midtown Tulsa 3-story condo to a one-level home, and the other couple needs to leave their midtown Tulsa starter home for something larger to accommodate their growing family. Both are… more