Buying and Selling at the Same Time in the Twin Cities? Here’s What You Need to Know

Posted by UrbanMinneapolisHomes.com

The Balancing Act of Buying and Selling

Trying to buy your next home while selling your current one? You’re not alone. Many Twin Cities homeowners are making this move in 2025, but doing both at the same time can be stressful without the right strategy. Here’s what you need to know to make it a smooth transition.

1. Know the Local Market Timing

In the Twin Cities, inventory is increasing, but well-priced homes are still selling quickly—often within 30 to 45 days. Understanding the market in both your current and target neighborhoods is critical. For example:

• Selling in a hot area like Southwest Minneapolis? You may sell quickly.
• Buying in a competitive suburb like Edina or St. Louis Park? You’ll need to move fast.

2. Understand Your Equity Position

Your current home is likely your biggest financial asset. Talk to a real estate professional about your potential sale price, closing costs, and how much equity you’ll be able to apply to your next home. Knowing your numbers upfront gives you flexibility with offers and timing.

3. Should You Buy First or Sell First?

This is the big question—and the answer depends on your financial situation, risk tolerance, and local market conditions.

• Sell First: Safer if you need the equity to buy. You can negotiate a rent-back from the buyer to stay in your home temporarily.
• Buy First: Gives you time to shop without pressure but may require a bridge loan or carrying two mortgages for a short period.

4. Consider Financing Options

If you need the proceeds from your current home to buy the next one, explore options like:

• Bridge loans – temporary financing that helps you “bridge” the gap
• HELOC (Home Equity Line of Credit) – can be used toward a down payment before selling
• Contingent offers – purchase offers that are dependent on your home selling (though less competitive in multiple-offer situations)

5. Prepare for a Temporary Move (Just in Case)

Sometimes the timing doesn’t work out perfectly. Be ready with a backup plan—such as short-term housing or temporary storage—if you need to move out before you close on your new home.

6. Work With a Real Estate Agent Who Can Do Both

Having one agent manage both the sale and the purchase gives you consistency, clarity, and leverage. A local expert can:

• Coordinate timelines between both transactions
• Negotiate rent-backs, closing dates, and contingencies
• Keep your stress low by guiding you through every step

7. Timing is Everything—But You Have Options

You don’t have to time it perfectly to make it work. A good strategy, a little flexibility, and experienced representation go a long way. With the right plan, you can move out of your current home and into your next one without major disruption.

Let’s Talk Strategy

Whether you’re upsizing, downsizing, or relocating within the Twin Cities, I’m here to help you line it all up. Reach out today for a personalized consultation, and let’s talk about your goals and how to make the move work for you.

— UrbanMinneapolisHomes.com