How to Sell an Older Home and Buy a New One in DeSoto TX
How to Sell an Older Home and Buy a New One in DeSoto TX
By Steven – Refind Realty
Introduction
I’m Steven with Refind Realty. If you’re thinking of selling your older DeSoto home and moving into a newly built one nearby, this guide walks you through the entire process—step by step. You’ll learn how to maximize your sale, choose the right new build, and make a smooth transition.
Step 1: Understand the Local Market Conditions
DeSoto’s real estate market is transitioning. Older homes are taking around 45 days to sell, while new-build inventory is growing quickly. That gives you more options—but it also means pricing and presentation matter more than ever.
Step 2: Prepare Your Older Home for Sale
Price Smart
Set a competitive listing near the current median. If your home needs updates, consider pricing a bit below median—between $340K–$350K—to drive interest quickly.
Make Strategic Updates
Focus on cost-effective improvements: fresh paint, staging, updated fixtures, and curb appeal. These tweaks deliver high value and help your older home stand out.
Market Strategically
High-quality photos, thorough online descriptions, and clear value communication are key—buyers looking to upgrade want to see potential, not just a resale home.
Step 3: Explore New Construction Options
Know What’s Available
In DeSoto and surrounding areas, builders offer flexible floorplans, energy-efficient designs, and community perks. Browse the latest developments on the Lone Star App.
Factor in Builder Incentives
Builders often include upgrades or closing cost assistance. Compare these offers—and weigh them against resale home costs.
Step 4: Time the Transaction
Option A: Contingent Offers
List your older home while submitting an offer on the new one. This arrangement works well when market competition lets you make strong offers with contingency.
Option B: Sell First, Buy Later
If selling first gives you more bargaining power, you’ll need temporary housing and a clear plan to move quickly once your home sells.
Step 5: Finance Your Move
1. Lock in Pre-Approval
Start with mortgage pre-approval. It helps you understand your budget and move quickly when you find the right new build.
2. Be Ready for Bridge Loans
If your older home hasn’t sold yet, consider a bridge loan. It can cover your down payment until your home sells.
Step 6: Coordinate Closing and Move
Synchronize closing dates for a smooth handoff. Use your agent’s contacts—movers, cleaners, inspectors—to handle logistics and avoid stress.
Bring It All Together
Selling your older home and buying a new one in DeSoto requires strategy and coordination—but it’s absolutely possible with the right planning. From pricing your current home to choosing the perfect new build, I’m here to guide you through the process.
Download the Lone Star App here: https://lonestarliving.hsidx.com/@sthomas
You're Always Home With Refind Realty!
Reach out anytime for a free consultation or personalized transition plan.
Frequently Asked Questions
1. Can I sell and buy simultaneously?
Yes. Contingent offers connect your transactions. Make sure the builder agrees to flexibility in closing dates.
2. Which financing works best?
Standard mortgages work well for resale homes; builders often offer incentives on construction home loans. Bridge loans are useful if timing doesn’t align.
3. Should I wait for interest rates to drop?
Rates are expected to stay stable in 2025. As long as your pricing and incentives are competitive, now is still a smart time to move.
4. How do I choose between resale and new?
Resale can be more affordable initially, but new builds offer lower maintenance and modern design. Decide based on budget, style preference, and long-term goals.
5. How can Steven help?
I provide custom market analyses, network with builders, and guide you through listing, financing, and closing both transactions smoothly.
