New York City real estate attorney, Natalia A. Sishodia (https://sishodia.com/how-to-sell-and-buy-a-house-simultaneously-in-2022/), of Sishodia PLLC has recently published a comprehensive article titled ‘How to Sell and Buy a House Simultaneously in 2024’. The article serves as a valuable resource for those navigating the complex and often daunting process of simultaneous home buying and selling.
In the first section of her article, the New York City real estate attorney makes it clear that simultaneous home buying and selling is not an anomaly. She states, “61% of Americans selling homes are also attempting to buy a new one.” With this statistic in mind, Sishodia aims to provide useful, actionable advice that can help homeowners successfully navigate this complex process.
“The process of buying and selling a house at the same time is undoubtedly challenging, especially amidst the ongoing pandemic,” shares the New York City real estate attorney. “However, with the right guidance and strategies, one can successfully navigate this complex journey.”
Sishodia explains, “The number one tip that will help individuals sell and buy a house at the same time is to break down all their goals in the beginning by writing them down. This will help them stay organized and focused throughout the process.”
The article underscores the importance of setting clear goals at the outset, preparing the current home for sale, and understanding the role and potential benefits of contingency clauses. It also provides a candid view of potential issues sellers and buyers might encounter, such as needing to move out before the next home is ready or getting trapped in a temporary rental.
Sishodia highlights the implications of selling a house soon after buying it, including potential financial losses, capital gains taxes, and mortgage prepayment penalties. She recommends consulting with experienced real estate lawyers to avoid costly errors.
The guide addresses questions about selling a house with an existing mortgage, a situation that is very common given that the average homeowner usually lives in their home for around 13 years. She emphasizes the importance of selling the home for more than its initial purchase price to pay off the mortgage and have some additional funds.
Navigating the real estate market can be challenging, but Sishodia’s article can make the process less daunting. It’s an invaluable tool for those considering or currently involved in simultaneous home buying and selling, especially in the unique real estate landscape of 2024. Readers can access the full article on the Sishodia PLLC website.
About Sishodia PLLC:
Sishodia PLLC is a prominent New York City law firm led by real estate attorney Natalia A. Sishodia. The firm is committed to providing experienced legal advice and support to those navigating the complex real estate market. The team’s in-depth knowledge of the intricacies of real estate transactions, combined with a commitment to client-focused service, makes Sishodia PLLC a trusted partner in any real estate endeavor. Their dedication to sharing valuable insights, as demonstrated in this comprehensive guide, highlights their commitment to client empowerment and success in the real estate market.
Embeds:
Youtube Video: https://www.youtube.com/watch?v=P2wUGznGzsk
GMB: https://www.google.com/maps?cid=12450537318741950980
Email and website
Email: natalia@sishodialaw.com
Website: https://sishodia.com/
Media Contact
Company Name: Sishodia PLLC
Contact Person: Natalia A. Sishodia
Email: Send Email
Phone: (833) 616-4646
Address:600 Third Avenue 2nd Floor, 600 3rd Ave Second Floor
City: New York
State: New York 10016
Country: United States
Website: https://sishodia.com/