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Putting an Offer on a House Before Selling Yours in Florida: Expert Tips

Purchasing a new home while selling your current one can feel like performing a high-wire act without a safety net. “Putting an Offer on a House Before Selling Yours” is a common dilemma, particularly in competitive markets like Florida. Read on as we explore expert tips and strategies to successfully manage “Putting an Offer on a House Before Selling Yours,” ensuring you make confident and informed decisions at every step.

Real estate investors Steve Daria and Joleigh have successfully navigated the tricky waters of putting offers on houses before selling their existing homes. Their expertise in buying houses for cash has given them valuable insights into managing financial risks while swiftly securing new properties. By leveraging their experience, you’ll discover actionable tips to handle this complex process in Florida’s competitive market.

Understanding the Basics

When putting an offer on a house before selling yours, it’s crucial to understand the steps and strategies involved. 

Start by thoroughly assessing your financial situation to ensure you can manage two mortgages if necessary, and seek pre-approval for a mortgage to demonstrate your buying capability to sellers. 

putting an offer on a house before selling yours

Financial Assessment

Ensure you have a clear understanding of your finances. Calculate your available funds, including savings, current equity, and other financial resources. 

Assess your budget to determine monthly mortgage payments, how much you can afford for a down payment, and additional costs such as closing fees and moving expenses. 

It’s also crucial to consider your debt-to-income ratio to ensure that taking on a new mortgage won’t strain your finances or impact your creditworthiness.

Pre-Approval for a Mortgage

Get pre-approved for a mortgage. This process involves a lender evaluating your financial status, credit score, and income to determine the loan amount you qualify for. 

A pre-approval letter gives you a clear picture of your borrowing capability and signals to sellers that you are a trusted and qualified buyer, boosting your chances of your offer being approved. 

Additionally, having pre-approval can streamline the closing process once you find the right home.

Contingency Clauses

Learn about contingency clauses, which protect you if your home doesn’t sell as quickly as expected. 

Contingency clauses in a purchase offer can include a “sale and settlement” contingency, ensuring you are not legally bound to buy the new home until your current one is sold. These clauses provide:

  • A Safety Net: This will allow you to back out of the contract without penalty if your existing home doesn’t sell within a specified timeframe.

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Strategies for Success

Discover practical tactics to enhance your chances of successfully making an offer on a new home in Florida before selling your current one.

Obtain a Bridge Loan

It is a short-term loan that can help you fill the gap between buying your new home and selling your current one. 

Here’s how it works:

  • Short-Term Financing: Bridge loans are typically short-term, lasting six months to a year.
  • Collateral: Your current home is used as collateral.
  • Interest Rates: Expect more excellent interest rates compared to traditional mortgages.

Use a Home Sale Contingency

A home sale contingency allows you to put an offer on a new home while making the purchase contingent on the cost of your current home. 

This strategy can protect you from owning two homes at once. 

Key points include:

  • Protection: If your current home doesn’t sell, you can back out of the contract without penalty.
  • Appeal: While this offers protection, it may make your offer less appealing to sellers who prefer buyers without contingencies.

Rent Your Current Home

If selling your current home before purchasing a new one isn’t feasible, consider renting it out. 

This can give you additional income to cover the new mortgage. 

Key considerations include:

  • Market Demand: Assess the rental market in your area.
  • Property Management: Choose whether to manage the property or hire a company.
putting an offer on house before selling yours

Sell and Rent Back

Some buyers negotiate a “sell and rent back” agreement with the new owners of their current home. 

This allows them to sell their home and then rent it back temporarily. See the post-occupancy agreement in Florida.

Benefits include:

  • Liquidity: Frees up funds to make a firm offer on your new home.
  • Flexibility: Provides a temporary living situation if there’s a delay in your new home’s availability.

Tips for Putting an Offer on a House Before Selling Yours in Florida

Explore valuable strategies for putting an offer on a house before selling yours.

Understand the Local Market

Florida’s real estate market can be competitive, and understanding the local nuances can give you an edge. Consider the following:

  • Research: Look into recent sales, average prices, and market trends in the area you’re interested in.
  • Seasonal Trends: Florida’s market can fluctuate seasonally, with more listings in the spring and summer.

Work with a Local Real Estate Agent

A renowned local real estate agent can provide better insights and help you craft a competitive offer. Benefits include:

  • Market Knowledge: They understand local market conditions and pricing.
  • Negotiation Skills: Experienced agents can negotiate effectively on your behalf.

Make a Strong Offer

In a competitive market, making a solid offer can set you apart. Here’s how:

  • Offer Price: Consider offering slightly above the asking price if the market is hot.
  • Earnest Money Deposit: A bigger earnest money deposit shows the seller you’re serious.
  • Flexible Closing Date: Being flexible with the closing date can appeal to the seller’s timeline.


Putting an offer on a house in Florida before selling yours can be a complex process, but with the right strategies, it’s entirely manageable. From understanding your financial options to crafting a competitive offer, each step is crucial to ensuring a smooth transition to your new home. 

If you’re ready to take the next step in your home-buying journey, consider consulting with a local real estate professional who can aid you. With careful planning and the proper support, you’ll soon settle into your dream home in the Sunshine State.

**NOTICE:  Please note that the content presented in this post is intended solely for informational and educational purposes. It should not be construed as legal or financial advice or relied upon as a replacement for consultation with a qualified attorney or CPA. For specific guidance on legal or financial matters, readers are encouraged to seek professional assistance from an attorney, CPA, or other appropriate professional regarding the subject matter.

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