How to coordinate closings when selling one home/buying another? (rent, movers)

[DNJ]

How is the best way to coordinate a closing/moving when you are the seller of one property and the buyer of another? We are moving within the same town but still would like to hire movers for the furniture and heavier items. I have heard people say that they arrange both closings on the same day. How does that work? I have heard others say they moved there belongings into the garage of the new home. That would defeat the purpose of hiring movers to carry furniture up/down stairs. My home is not even sold yet but I am trying to think ahead. I have small children and would like things to go as smoothly as possible. Any words of wisdom are appreciated! (PS-We are moving into new construction so we don't have to worry about previous owners there).

[billb7581]

Try to arrange them for the same day and the stuff can sit on the mover's truck while you close.

I moved myself, and drove to closing in a 28 foot Penske truck.. LOL.

[chatty56]

Just make sure you're packed and the house is clean in time for the walk-through; usually a few hours or more before closing.

[MoorestownResident]

Originally Posted by DNJ

How is the best way to coordinate a closing/moving when you are the seller of one property and the buyer of another? We are moving within the same town but still would like to hire movers for the furniture and heavier items. I have heard people say that they arrange both closings on the same day. How does that work? I have heard others say they moved there belongings into the garage of the new home. That would defeat the purpose of hiring movers to carry furniture up/down stairs. My home is not even sold yet but I am trying to think ahead. I have small children and would like things to go as smoothly as possible. Any words of wisdom are appreciated! (PS-We are moving into new construction so we don't have to worry about previous owners there).

I did it 6 months ago, it was a pain in the neck. My movers showed up late around 9, closing was 11, they were trying to move in around 1pm, then I closed on the other at 2pm, and finally got in around 6pm.

I had good relationship with my buyers and their agent - they even did the walk-thru with 1/2 of the furniture in the house. Not everyone will let you do that though, it is supposed to be empty.

[jessiesma]

get the movers take your stuff the afternoon before. stay in a hotel and have the selling closing in the AM then do the purchase in the early PM so you can get moved in. unloading a truck is supposed to be faster because every thing just comes out and doesn't have to be maneuvered into a small place for the best placement. Not fun and the lawyers can be very particular about giving occupancy or retaining it before closing.

Originally Posted by DNJ

How is the best way to coordinate a closing/moving when you are the seller of one property and the buyer of another? We are moving within the same town but still would like to hire movers for the furniture and heavier items. I have heard people say that they arrange both closings on the same day. How does that work? I have heard others say they moved there belongings into the garage of the new home. That would defeat the purpose of hiring movers to carry furniture up/down stairs. My home is not even sold yet but I am trying to think ahead. I have small children and would like things to go as smoothly as possible. Any words of wisdom are appreciated! (PS-We are moving into new construction so we don't have to worry about previous owners there).

[SeeSaw]

Have enough money or credit to delay closing of your existing home at least 1 week. Close on the new home and do your preliminary painting, measuring etc for the prior to moving in...

[wileynj]

I moved into an empty, new construction last time I moved and I worked it out with the builder to let me move my furniture in one day before the closing - I offered to pay one days rent - he did not want the extra money - just let me go ahead and do so. There were two of us so I went to the dual closings, my partner saty behind and organized the rest of the move and just headed to the new place once the closings were all done. It worked out great! - Long day, but it went smoothly.

[Denisebroesler]

I work with upgraded buyers like yourself all the time. The first thing I would do when selling, if your home is not under contract, is to see about a home equity line of credit. You can cancel it even at closing, and it only costs about $300 to put in place. That's in case you need the money for a downpayment on your new home.

The next thing I would have your attorney work out is called a use and occupancy. Here's the scenario: You sign your paperwork let's say one to two days before your closing. Then your buyer goes to the closing with both attorneys and signs away. You then pay the buyer approximately $50-80 per day to stay in your own home. The day of your closing, you won't have to scamble like so many people do. You can come home, relax, and then move out when you're not worrying about the stress of the closing and if the funds will be there, etc. You can expect two walkthroughs - one before the closing and one before your move out. Your attorney will hold about $3,000 in escrow in case you damage anything and you'll get it back right after you move out. I recommend this to every family I work with since moving is very stressful on children and pets.