Thinking About Selling Your Home and Buying a New One at the Same Time? Watch This First! 🏠🔁

In this video, real estate expert MJ and financial pro Dave take a deep dive into the move-up buying process—where you're selling your current home while purchasing a new one. They share real-world strategies, expert tips, and contingency plans to help you avoid costly mistakes and successfully navigate the transition.

✅ Whether you're moving up, downsizing, or relocating out of state, this video covers:
How to plan a simultaneous sale and purchase with military precision
How to tap into your financial “buckets” (savings, equity, retirement funds, etc.)
What contingencies can win a bidding war (even if your offer isn't the highest!)
How to assemble a trusted team of real estate pros, lenders, attorneys & contractors
Real stories from the field—what can go wrong and how to prepare

📌 Perfect for:
First-time move-up buyers
Homeowners downsizing or relocating
Real estate buyers & sellers looking to avoid double moves or financial stress
👥 Don’t go it alone—learn how to build the right team and strategy to win!

5 Key Takeaways for a Successful Move-Up or Transitional Home Purchase
- Plan with Military Precision
Coordinating a sale and purchase at the same time requires a detailed, written plan—with clear steps and built-in contingencies.
- Understand Your Financial Buckets
Know where your money is coming from: savings, retirement funds, gifts, and most importantly, home equity.
- Use Creative Contingencies to Win Deals
Flexible terms like delayed closings or seller rent-backs can make your offer more attractive—even if it’s not the highest.
- Assemble a Rock-Solid Team
Your success depends on a trusted realtor, lender, attorney, inspector, and vendors—ready to act quickly when needed.
- Expect the Unexpected—and Have a Plan B & C
Real estate deals are dynamic. Being ready to adapt ensures you stay in control, even when things go off script.

Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding

CHAPTERS

00:00 – **Intro: Buying & Selling at the Same Time**
00:36 – **Understanding Your Financial Buckets**
01:24 – **Equity: Your Biggest Asset When Moving**
02:05 – **Planning with Military Precision**
03:00 – **Why Contingency Plans Are Critical**
04:10 – **Real Estate is Elastic: Expect the Unexpected**
05:12 – **What If Your Sale Falls Apart Last-Minute?**
06:03 – **Contingencies: Sell-Side vs Buy-Side Strategies**
07:24 – **Making Your Offer Attractive Despite a Sale Contingency**
08:40 – **The Power of Time in Negotiations**
09:35 – **Crafting Contracts to Buy Time to Sell**
10:40 – **Winning Deals Through Empathy and Strategy**
12:00 – **Coordination Is Everything: A Real Case Study**
13:40 – **Solving Moving, Storage, and Financing Challenges**
15:20 – **Create a Written Plan (and Stick to It!)**
16:05 – **Renovation Homes: Opportunity or Risk?**
17:00 – **Financing Fixer-Uppers: Rehab Loans Explained**
18:10 – **The Buyer’s Advantage in Buying "Ugly" Homes**
18:55 – **Building a Winning Real Estate Team**
20:05 – **Who Should Be on Your Real Estate Dream Team**
21:30 – **The Role of Attorneys, Inspectors, and Insurance Pros**
22:15 – **Cross-State Coordination for Buying and Selling**
23:10 – **How Do You Know It Was a Successful Move?**
24:00 – **Wrap-Up: Your Plan, Your Success, Your Team**

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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367

Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance

Summit Funding Inc., Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) | State of Connecticut Department of Banking

Summit Funding, Your Mortgage Professionals, Inc. Licensed Mortgage Broker (NMLS #84943) | Florida Office of Financial Regulation
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