Video transcript: Changing homes

[acoustic music]

On screen:

Changing homes: Buying and selling at once

On screen:

Jenny and Eric, homebuyers

Jenny:

This is our second home. So our first house we lived in for...

Eric:

Seven years.

Jenny:

Yeah, seven years.

Eric:

We kinda outgrew the house.

On screen:

Amy, Real estate agent

Amy:

If a homeowner is in the process of wanting to sell their home and then purchase another property, the first thing I do, of course, is tell them, talk to your lender, because they need to determine and figure out are they able to purchase without selling? Most aren't willing or able to do that.

Jenny:

We had two options - we could find the new house and move into a new house, or we could, we were thinking about finding a place to rent for a few months until we found the right house.

Eric:

And then we found this house, called our realtor to make it happen.

Amy:

So we just got busy. We started figuring out what their house would sell for.

Jenny:

We had to get our old house ready. We kinda had to, we had a lot of stuff.

Amy:

I  think I also had a stager meet them to just go room by room and boss them around a little bit, telling them how to get the house ready to sell. Just decluttering, putting things into storage, doing any minor repairs or maintenance work at the house that needed to be done.

Eric:

To sell the house, there was a few bumps, you could say. We actually sold our house four days prior to us buying this house.

On screen:

Greg, Mortgage Banker

Greg:

There's nothing more stressful than a consumer or anybody that's selling a home and on the same day, they have to close on their new home. I call that stacked, you know, they're stacked transactions.

Amy:

Clients get very nervous when they start to talk about the realities of how do they make that happen, how is the timing gonna work?

Greg:

We do our very best to stay on top of our closings, where, if we're 10 days out from that closing, and it's, you know, especially a stacked closing like that, we're gonna do all hands on deck.

Eric:

And working with the finance guy also helped us, determining when was the last day we could get paperwork in. They were willing to kind of speed things up.

Amy:

And they were just wonderful. They worked so hard, they did everything right, and that's really important when you're trying to get your house ready to put on the market.