How to Avoid the #1 Error That Costs Homeowners Thousands
Selling your current home and buying your next one at the same time is one of the most stressful parts of moving. It’s like trying to line up two trains on different tracks—and one small misstep can lead to major headaches. Here’s the timing mistake I see most often in Calgary—and how to avoid it.
âť— The Biggest Mistake: Not Planning for Possession Gaps or Overlaps
Many buyers assume their sale and purchase will close on the same day. But if something delays one side, you could face:
đźš« Moving twice or paying for temporary housing
đźš« Double mortgage payments if you buy before you sell
đźš« Rushed decisions under pressure
âś… How to Time Your Sale & Purchase
✔️ Flexible Possession Dates: Negotiate extra days on either end in case of unexpected delays.
✔️ Backup Plans: Budget for temporary accommodations or storage, just in case.
✔️ Realistic Timelines: Factor in time for inspections, financing approvals, and other conditions.
✔️ Work with One REALTOR®: A single agent coordinating both transactions can help align dates and negotiate the best outcomes.
đź“Š Calgary Market Considerations
In a seller’s market, you might need to buy first or negotiate longer possession dates on your sale. In a buyer’s market, selling first gives you more security. Each market requires a different strategy to avoid unnecessary costs.
đź“© Want My Buy & Sell Timing Guide?
DM me “TIMING” and I’ll send you my Buy & Sell Timing Guide, complete with practical steps to coordinate your sale and purchase smoothly.
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