Steps To Buying And Selling A Home May 2026

Once the deeds are recorded, you hand over your old keys and receive the new ones. Final Thoughts

This is the most delicate stage. When you find a house you love, your offer will likely include a . This tells the seller: "I will buy your house, but only if my current house sells by a specific date."

Most buyers find their homes online first. High-quality photos and a staged layout make your home stand out in a crowded market. steps to buying and selling a home

Determine how much your current home is worth and subtract your remaining mortgage balance. This "net proceed" estimate will likely serve as the down payment for your next purchase.

The title company or attorney coordinate the wire transfers. The funds from your sale are used to pay off your old mortgage, and the remaining profit is applied toward your new purchase. Once the deeds are recorded, you hand over

Work with an agent to analyze "comps" (comparable homes recently sold in your area). Pricing competitively often generates multiple offers, which gives you more leverage regarding your closing date. Phase 3: The Search and the "Contingency"

In a "seller's market," these offers can be less attractive. To strengthen your position, ensure your current home is already under contract before making an offer on a new one. Phase 4: Due Diligence and Inspections Once you are "under contract" on both ends: This tells the seller: "I will buy your

Before listing your current home or touring new ones, you need a clear financial picture.