Managing your sale & Purchase
A Refresher for Returning Buyers
If it’s been a while since your last home purchase or you’re preparing to sell and buy, we’re here to guide you through the updated steps of the process. Whether it’s understanding Vermont’s unique market or balancing the logistics of selling one home while buying another, our team at Prime Real Estate offers expert support.
This detailed checklist will help you navigate everything from financing to finalizing the sale—ensuring a smooth, informed journey as you transition to your next home.
Secure Pre-Approval for Financing
Even if you’ve purchased a home before, securing updated pre-approval from a local lender is key. Vermont’s housing market has changed, and having financing in place before you start searching shows sellers that you’re a serious, qualified buyer. Local lenders are familiar with specific Vermont loan programs and can offer competitive rates that align with your home goals.
Timing Your Sale and Purchase
If you’re selling a home to purchase a new one, timing is critical. You’ll need to work closely with your agent to align the sale of your current property with the purchase of your next home. Our team can help you structure contingencies to ensure you’re not left without a home during the transition or forced into a rushed purchase.
• Tip: Consider a lease-back agreement or rent-back option if the timelines for buying and selling don’t perfectly align.
Explore Vermont's Evolving Communities
Whether you’re staying in the same area or exploring new parts of Vermont, communities change over time. Make sure the neighborhood still fits your needs by considering factors like school district performance, access to healthcare, and the evolving local economy. Vermont’s diverse range of towns—from rural retreats to thriving cities—offer different amenities, so it’s important to re-evaluate what works best for your lifestyle now.
• Tip: Visit potential neighborhoods at different times of the day to get a feel for the community.
Update Your Search Criteria
Your housing needs may have changed since you last purchased, so it’s important to revisit what matters most. Perhaps you’re looking for more space, downsizing, or seeking a different lifestyle. Define your non-negotiables—like home size, proximity to work, or access to outdoor spaces—while staying open to features that are less critical but still desirable, such as modern finishes or bonus rooms.
Maximize Your Current Home’s Market Appeal
Selling your home in today’s market requires more than just listing it. Vermont buyers often look for energy-efficient features, especially in rural or seasonal properties. Upgrades like improved insulation, solar panels, or a well-maintained wood stove can enhance your home’s appeal. Our team will help you identify cost-effective improvements and work with trusted local contractors to ensure your home shines in the market.
Understand Vermont’s Current Real Estate Trends
The Vermont market has likely shifted since your last purchase. Local economic changes, seasonal influences, and the influx of out-of-state buyers can all impact market conditions. We’ll help you analyze current trends, whether you’re navigating the competitive summer market or exploring more opportunities during the slower winter months.
Inspections and Contingencies
Just as important as when you first bought, inspections are crucial for both buying and selling. For buyers, Vermont homes can have unique issues, such as well water quality, septic system maintenance, or rural road access. For sellers, ensuring your home passes inspections smoothly can avoid last-minute surprises that could delay or derail a sale.
Coordinate Closing for Both Transactions
When you’re buying and selling simultaneously, coordinating closing dates is crucial to avoid logistical headaches. Our team at Prime Real Estate will work with both parties to ensure smooth transitions. If you need more time between transactions, we’ll help you negotiate lease-back options or temporary housing arrangements to avoid unnecessary stress.
Final Walk-Throughs and Closing
Before finalizing your sale or purchase, a thorough walk-through is essential. Buyers should confirm that any agreed-upon repairs have been completed, while sellers should ensure the property is left in the agreed-upon condition. Whether you’re moving across town or out of state, we’ll make sure that every detail, from closing documents to possession timelines, is handled with care.
We understand that buying and selling simultaneously can be complex. With our boutique approach and deep local knowledge, we’ll ensure that both your sale and purchase are handled seamlessly, so you can transition smoothly into the next chapter of your life. Contact us today to discuss your home goals, and let’s make your journey as stress-free as possible.
