Steps To Buying And Selling A Home May 2026

Minor fixes—like patching drywall or freshening up neutral paint—offer the highest return on investment.

On closing day, you will typically sign the papers to sell your old home in the morning and sign the papers to buy your new home in the afternoon. steps to buying and selling a home

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" Minor fixes—like patching drywall or freshening up neutral

Before listing your current home or touring new ones, you need a clear financial picture. You can sell first (which puts cash in

You have two main paths. You can sell first (which puts cash in hand but may require temporary housing) or buy first (which is more convenient but may require a "bridge loan" if your capital is tied up in the first house). Phase 2: Preparing the Sale

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:

A professional will check the systems of the home you are buying. Be prepared to negotiate repairs or credits.