How do you sync the selling of your house with the purchase of your new home?

This past july my husband and I bought our first home. Now, I have the urge to move already. This house is too small and I want to move one state away to take in my grandmother and get out into the country where it is dramatically less expensive.



My husband and I will not have the money to buy another house unless we sell this one. So, how do we line it up? I'm having trouble understanding.



I can't buy another house before this one sells because I wont be able to get a loan. I have basically no credit history becuase I am only 19. What do people usually do in this situation?! I am so confused!How do you sync the selling of your house with the purchase of your new home?
Your offer is contigent upon the sale of your home. The seller may not accept this, but that is really the only way.



The other thing would be to sell your home, and upon accepting an offer run out and find another home quick.



Your realtor can help you out with the planning.How do you sync the selling of your house with the purchase of your new home?
When you put in an offer on the new home, you include a contingency that the offer is subject to the sale of your existing home. If the offer is accepted with the sales contingency, you then put your house for sale. When you accept the offer on your existing house, both properties go into escrow and - hopefully - escrow closes on both purchases simultaneously.



Back in the hey day of real estate, this was very common, because houses usually got offers within a couple weeks or even days of going on the market. In fact, back in 2003 I was involved in a daisy chain of sales contingency purchases where my offer on a new house was contingent on the sale of my home, and the buyer's offer was contingent on the sale of their home. It was a little dicey. But, we were able to close escrows simultaneously and everyone made out okay. However, it is very unlikely that a seller would accept a sales contingency on an offer these days, because the average time on the market is months, instead of weeks or days.



Your only other option would be to put your home up for sale and start looking for a home to buy. When you get an offer on your place and accept it, you then put an offer in on a new property. However, you might not find a house you like in that time or the house you like might have another offer accepted. In that case, you must have a plan in place where you rent a place to live after your house is sold and continue looking for another place to buy.
Smartest and safest is to sell your house and after closing, rent an apt and then find your new house. many states do NOT allow a contingency on sale of yours to be added to contract.