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Tips for Buying and Selling a Home on the Same Day in Illinois

By November 17, 2022July 6th, 2023No Comments

If you must move out of your old home and into your new one in a short amount of time, then you should be prepared for many of the issues that could pop up.

Moving is stressful, so plan ahead, plan ahead and plan ahead! Most people are amazed at how many additional “little” things they find to do when they are packing or after the movers remove the big things out of the house. 

Remember that Diamond Real Estate Law is your safe harbor in the storm. If any problems arise while you are completing your sale or purchase, Diamond Real Estate Law in McHenry, Illinois is here to help.

Always Have a Backup Plan

There are few real estate situations worse than having a closing delayed, and a family with all of their worldly possessions, children, and pets suddenly with nowhere to live. 

If you have to buy and sell on the same day or go from one house to another, it’s best to store your things and have a place to stay for a few days.

If you know you are going to be in this situation, when you are first writing the offer on your new house, it is a good idea to ask the seller if they will agree to let you move in a little early. Most real estate attorneys advise sellers against allowing buyers to move in early, so it is best to discuss this option upfront and see if the seller is willing to work with you on it.

Life is unpredictable, so you want trusted advisors like Diamond Real Estate Law of McHenry, Illinois helping you if trouble arrives.

Be Sure You Know Where to Send the Money

Transferring money from one title company to another or from your bank to the title company is not always a simple undertaking. It is always best to map this out ahead of time. 

If you have a real estate attorney representing you in both your sale and your purchase, many times they will be able to help you coordinate getting your money from one title company to another.

If you need to send money from your bank to the title company you need to check with the title company ahead of time to make sure they will accept a check—usually certified—or if they require you to wire the funds. 

If you need to wire funds to the title company, you will need to get the exact wire instructions in a secure way and make sure that your bank has all the appropriate information.

Have a little extra money available to you. You don’t want to be stranded between homes with all of your funds tied up in transfers. So keep an emergency fund with you, just in case.

Other Organizational Tips for Moving in One Day

Here are a couple other helpful tips to keep in mind:

  • If at all possible, leave a little extra time to clean and make minor repairs afterwards.
  • A lot of people find it useful to pack suitcases of “essentials” like you are going on a week-long vacation, so you know you can find the basic things you need while you are organizing things and unpacking boxes. 
  • If you have pets, it may be a good idea to board them for a couple of days to minimize the stress of a change of environment, as well.

Diamond Real Estate Law Is Here for You

If you are about to sell or buy a home, you need a real estate lawyer that you can trust. Knowledgeable Illinois families have been turning to Diamond Real Estate Law to handle their most important transactions for years.

Contact Diamond Real Estate Law for a free consultation.


DISCLAIMER: Any information contained herein is solely for informational purposes. While it is important that you educate yourself, nothing herein should be construed as legal advice or create an attorney-client relationship. For specific questions, we urge you to contact a local attorney for advice pertaining to your specific legal needs.

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