How Can You Buy a New Home Before Selling Your Old One?

By Dave Zajdzinski

Dave Zajdzinski and the team bring 40 + years of real estate experience to home buyers and sellers throughout Arizona.

Have you ever thought about buying your next home but felt stuck because all your equity is tied up in your current one? One of the biggest roadblocks in real estate is having your money locked in your current home.

But what if you could unlock your equity before selling? Instead of waiting, you can use your home’s value to place a strong, cash-backed offer on your next home. Here are some real-life examples to inspire you.

One of my clients lived in a big two-story home for 20 years and was ready to retire in a smaller place that’s paid for in cash. However, she couldn’t buy and sell at the same time, so we met with her two years ago, ran her numbers, and showed her exactly how much equity she could access.

When she found the perfect home, we were able to make an all-cash offer using the equity from her current property. We closed in under 30 days and I coordinated $18,000 in renovations, including new countertops, cabinets, and flooring, at a significantly reduced cost. These upgrades are expected to increase her sale price by $45,000 to $50,000.

By using her home equity, she was able to act as a cash buyer, securing better terms and a smoother process. We also conducted a full inspection and handled any necessary repairs to ensure her home would sell for the highest possible price. Basically, this strategy allows you to unlock your equity before selling and eliminates the need for contingent offers.

This happened to another client who wanted to construct their dream home, but the builder refused to accept a contingent offer. By using the equity from their current home, they bought a new place instead, moved out, and prepared the old home for sale

In their area, homes like theirs usually took 95 to 100 days to sell and only got around five buyers each month. However, with our approach, they had 14 showings with realtors in the first two weeks and two open houses that attracted 20 more buyers. They received a full cash offer in just three weeks without the stress of always having to keep their home “show-ready.”

Most realtors suggest selling your home first before buying a new place, but that can lead to rushed decisions and less competitive offers. By using your equity, you can buy with confidence, move once, and maximize your profits. If you have any questions about the process, don’t hesitate to reach out. Call me at 480-332-6468. I’m happy to assist you.