Can I Sell My Home in Manhasset While Buying Another One?

Selling and buying at the same time is common in Manhasset, but it requires careful coordination. The right strategy helps you avoid carrying two homes, rushing decisions, or ending up without a place to live. When planned correctly, both transactions can work together smoothly.

Is It Common to Sell and Buy at the Same Time in Manhasset?

Yes. Many Manhasset homeowners sell their current home to fund the purchase of their next one. This is especially common for move-up buyers, downsizers, and families relocating within the North Shore.

Homes in Munsey Park, Plandome, Strathmore, Flower Hill, Plandome Heights, Plandome Manor, and North Strathmore often involve equity-driven moves, making timing and financing strategy critical.

Eric Berman REALTOR helps sellers plan both sides of the move before listing begins.

The Biggest Challenge: Timing Both Transactions

The primary challenge is aligning:

• Sale closing date

• Purchase closing date

• Mortgage approval timelines

• Move-out and move-in logistics

Without a clear plan, sellers risk temporary housing, double payments, or rushed decisions.

Common Strategies That Work

Sell First, Then Buy

This approach provides clarity and financial certainty.

Pros:

• Known budget

• Stronger negotiating position as a buyer

• No risk of carrying two mortgages

Cons:

• May require temporary housing

• Pressure to find the next home quickly

Buy First, Then Sell

This works best when finances allow flexibility.

Pros:

• No pressure to move twice

• More flexibility on purchase timing

Cons:

• Risk of carrying two mortgages

• Requires strong financial reserves

Eric carefully evaluates whether this option makes sense based on your equity, income, and risk tolerance.

Use a Home Sale Contingency

A home sale contingency allows you to buy only after your current home sells.

This can:

• Protect you financially

• Limit risk

However, in competitive Manhasset markets, sellers may be less willing to accept these contingencies.

Bridge Loans and Short-Term Financing

Some sellers use bridge loans or short-term financing to access equity before selling.

This can:

• Provide flexibility

• Increase purchasing power

But it also adds complexity and risk. Eric coordinates with lenders to assess whether this option is appropriate.

Rent-Back Agreements

In some cases, sellers negotiate a rent-back after closing.

This allows you to:

• Sell your home

• Stay temporarily while purchasing the next one

Rent-backs can reduce pressure but must be structured carefully.

How Market Conditions Affect Strategy

Your best approach depends on:

• Inventory levels

• Buyer demand

• Interest rates

• Seasonality

In strong seller markets, selling first is often safer. In balanced markets, flexibility matters more.

Eric adjusts strategy based on real-time Manhasset data—not assumptions.

What Sellers Should Avoid

Avoid:

• Listing without a clear plan

• Buying emotionally under pressure

• Overextending financially

• Ignoring timing risks

• Rushing either transaction

A thoughtful plan protects both your finances and peace of mind.

How Eric Berman REALTOR Coordinates Both Transactions

Eric supports sellers by:

• Creating a timeline for both transactions

• Coordinating with lenders and attorneys

• Structuring contingencies strategically

• Advising on rent-backs and bridge options

• Monitoring market conditions closely

• Communicating clearly at every step

You’ll understand how each decision affects the other.

Selling and buying at the same time in Manhasset is absolutely possible—with the right strategy and guidance. With Eric Berman REALTOR helping you plan both sides of the move, you can move forward confidently without unnecessary risk.

FAQs

Can I sell my Manhasset home before buying another one?
Yes—and it’s often the safest option. Ask Eric Berman REALTOR how to plan it.

Is it risky to buy before selling?
It can be, depending on finances. Contact Eric to evaluate risk.

What is a rent-back agreement?
It allows you to stay after closing. Eric can explain how it works.

Are home sale contingencies common in Manhasset?
They exist, but competitiveness varies. Reach out to Eric for guidance.

How do I coordinate both closings smoothly?
Planning is key. Ask Eric to build a timeline.

Eric Berman, REALTOR®
Compass Greater NY
917-225-8596
eric@ericbermanre.com
www.theericbermanteam.com