@mynameainttracy wrote:
We did that once. It was a nightmare. Our sell kept getting delayed because the appraiser's wife had a baby then something else came up. Delayed us by a couple of weeks. Then our buyers couldn't close until 4pm on the day of closing. We ended up doing our buying closing first, signatures only. They wouldn't give us the keys until we did our selling closing. Then our buyers had a car accident on the way to closing. Thank the lord they weren't hurt, made it to the attorney's office and we closed by 6pm and we're still able to get our keys to start moving in. We emptied the moving truck and returned it by midnight. Most stressful day of my life.
So, based on my experience you need to do your selling closing first, then your buying one. After that day I will NEVER do a double closing again. I'll move into a temp apartment of something just to avoid it.
Completely agree with this!
Two closings on the same day would be terrible for your stress levels and nearly impossible to plan, given all the complications and potential screwups of buying and selling.
Sell first. Then buy. Sometimes sellers can arrange a grace period where they can continue to occupy their home for a few days or a month after closing. Not always, of course. Even if you have to stay in a motel or with friends or in a short term rental after the sale, though, you're better off not even trying to do two closings on the same day.
