Selling and Buying at the Same Time
How to sell and buy a house at the same time
When looking at trying to sell and buy at the same time, there are a few specific challenges that can make it difficult to tackle both transactions at once, so you should consider these factors:
Funding your new house
Unless you happen you can afford two payment or have a lot of cash on hand, it might be difficult to come up with the money for a down payment while your equity is still tied up in your current home. Contacting a professional lender can help you come up with a game plan.
Having a lot of equity in your home doesn’t mean you have immediate access to it – you’ll typically have to sell your house and close on it before you can use that money as a down payment on a new home, but this is same day funding so you can sell and buy on the same day. I have helped several clients do this.
Complicated logistics
Managing the logistics of either selling a house or buying a new one can be complicated enough, and when it’s all happening at the same time, it can feel completely overwhelming.
This to consider timing the purchase and the sale, negotiating with both sides on moving or possession dates, and organizing belongings to get ready for the move, this is where a good real estate agent can help take some of the stress away from the homeowners.
Contingencies
Many agents can make their offer on a new home contingent on the sale of their current home. In this scenario, there’s a very real possibility that your offer might lose out in favor of a non-contingent offer. If this happens, you have to decide whether or not you want to remove your contingency. If done right there is little to no risk.
Let’s take a look at everything you can do to make selling and buying a house at the same time a more seamless process.
If you decide to sell first...
Even though you might have some control when it comes to selling your current house, you will need to actively market to a buyer. When you start thinking about listing your home, make sure these key bases are covered to help make your sale go quickly and smoothly:
- Price to sell
- Take care of any outstanding maintenance or repairs
- Decide on contingencies
- Clean, declutter, and stage
- Plan for a possible gap period
- Partner with an experienced agent
If you decide to buy first...
You’ve found your dream home that checks all of your boxes, but your home hasn’t sold yet so what do you do? In spite of this, you might decide that you simply can’t pass up the chance to pursue a special or unique property.
Traditionally speaking, it used to be more common for clients to sell first, then buy, but a new normal seems to be taking hold.
- Figure out your finances
- Take a look at your current home’s potential value
- Talk to a trusted agent and lender on how to sell and buy a house at the same time
- Consider a bridge loan
- Be flexible with contingencies
Testimonials
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*****
This was my first time ever buying a home and when I say Jeff made the process so smooth and easy that’s an understatement. I had Jeff recommended to me by a friend and he did not disappoint. Jeff works hard at getting you into the perfect home and he makes it so easy to understand. I thought it was going to be too overwhelming and impossible to get a home the way the market is now, but Jeff helped us get exactly what we wanted. We are finally in a beautiful home and we couldn’t have done it without him. Thank you Jeff! We really appreciate you!
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- Alexander Ashley
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*****
It's always a pleasure working with Jeff. His clients best interests are a top priority and makes things run as smoothly as possible. Thank you for being amazing to work with. -Brighton Home Inspections
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- Cliff Douthit
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*****
I worked with Jeff to sell and purchase my home. It was a very smooth and easy process. He always responded back to us in a timely manner and answered all of our questions thoroughly. He also helped us increase our selling value. I would recommend for any Real estate endeavor.
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- Amanda Leigh
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We worked with Kim Barber and Christine to buy our home in Fairfax. She was absolutely wonderful to work with, patient with our naivete, extraordinarily knowledgeable about quality as well as aspects of a home we would have overlooked, and always responsive when we had a question or request. She offered her opinions appropriately and factually without us ever feeling like we were being led or pressured into a decision. Kim was more than responsive and went above and beyond when scheduling showings for us in a market that was moving very quickly at that time. On the rare occasion that she was unavailable, her team was there to advise and assist at a moment's notice. Throughout the entire process we felt we were in more than capable hands, and would absolutely recommend the Kim Barber group to anyone looking to buy or sell in the area! Kim also put us in touch with a new lender when it became apparent ours was incompetent, as well as referring us to a contractor who would be able to finish our basement on short notice and a tight timeline!
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- Daniel T.S
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*****
Jeff is the best Realtor that I've dealt with. He always returns my calls and worked hard to get me what I needed from the sell of my home. He is very professional and realistic. I will be going with Jeff to buy my next home. Highly recommend him to anyone who wants a great experience.
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- Steven Hooper
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*****
Jeff is a great agent. He is very experienced and knowledgeable about the market and works hard to help his clients get the best deal. I enjoy working with him and appreciate his work ethic and professionalism.
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- Alan Blood
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*****
I think I had such a great experience with Jeff. He kept everything going. We had some bumps in the road with my seller &Jeff took great care of us to get my home sold and helped us get into our dream home.
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- Brandy Garner
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*****
Jeff worked with me while I was looking for recreational land. He asked loads of great questions to gauge what I was looking for, and followed up with several lists of properties for me to check out. When I had loads more questions about individual properties, he patiently and professionally addressed them. I highly recommend Jeff!
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- Jason Abercrombie
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*****
One call and Jeff was helping us prepare for the sale of our home. We had lived in Syracuse for 13 years and were ready to downsize. Jeff walked through our home, inspecting every inch, asking questions, giving his professional advice on how to stage furniture, etc. He did a detailed evaluation of our property, came up with a listing price that was marketable. Jeff took pictures of our home that were both beautiful and flattering. We had a showing the first day our home was listed on the MLS. Jeff set up all necessary inspections, appraisals, showings and closing. Our home sold in approximately 21 days. As a Realtor, one of Jeff's best attributes is that he returns calls and text IMMEDIATELY. My husband and I received professional and personal support from Jeff and recommend him to anyone needing guidance selling their home.
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- Tommye Harcourt
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*****
I really recommend Jeff for real-estate, first time buyer and explained to me everything I needed to know perfectly! Very experienced persons.
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- Daniel Serrano
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*****
Jeff was amazing to work with! He was incredibly responsive, answering texts and messages well after normal business hours on multiple occasions. We SO appreciate his expertise navigating through the crazy current market. He was helpful and persistent, but never pushy, and patiently worked with us and all our requests to see various houses - many of which were day of! Exceptional customer service from start to finish. We strongly recommend Jeff!!!
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- Sts Busing
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*****
Amazing experience working with Jeff, he did a great job explaining the terms of the sale and final numbers as well, very quick to respond to any inquiries and very attentive to my needs. We highly recommend him to anyone that is trying to sell or buy a home, there Relator’s commissions are very reasonable.
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- Edgar Mendoza
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*****
Jeff is very responsive and was very helpful with any questions we had. He gave us good insight to sell our home and also helpful tips when looking to buy. Very professional and would highly recommend for any real estate transaction.
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- Jessica Parkinson
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*****
Jeff is absolutely fantastic! I've worked with with him multiple times and his communication is top notch. I can't recommend him enough!
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- Trevor Jensen
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*****
Jeff was never bothered by any question or home inquiry. I was aggressively searching for a home and he was never bothered when 2 or 3 came up that I was curious about. He made finding a good home more of a pleasure than a chore.
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- Peter Leekam
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*****
Jeff rocks. Took us out looking the day after our inquiry. I would highly recommend him for your real estate needs.
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- Anne Heath
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*****
Can highly recommend Jeff. He made my home buying experience a very pleasant one.
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- Cheryl slack
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*****
Working with Jeff is always a pleasure. He is easy to work with, always responds quickly , and helps to make each deal as stress free as possible. We have used Jeff on our first two deals and plan to continue working with him in the future.
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- Randy Maitlando
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*****
I got to know Jeff thought a recent purchase of my home. To say that it all went smoothly is the least, but we were able to go from putting an offer and closing on it all within a few weeks. Jeff has been a pleasure to work with, fast response time and always looking out for you. I would highly recommend him to anyone and I look forward to working with him again in the future.
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- Leon Bergant
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*****
Jeff was great! He was very responsive, always ready for questions we had and was available during any time of the day. He had a great attitude and helped us find what we were looking for. Highly recommend!
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- Jorge Duarte
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*****
Jeff is an amazing realtor to work with. I have worked with him on several occasions, and he is always fighting to make sure that his clients get the very best. He is responsive and does a great job making sure that all of your needs are met! I would highly recommend Jeff to anyone buying or selling whether it is your first home or you are an experienced buyer, he will meet you at your level and make sure that you have the best experience possible.
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- Jessica Barney
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*****
Guys, if given the opportunity, choose Jeff! This realtor cares more about your needs then his paycheck! This realtor will search high and low until you have the perfect home! The one you have been dreaming of and the right price! I couldn’t be more grateful for his help! I highly recommend him to anyone considering home buying and if I ever need help finding another dream home, he will be the first person I call! Call him now! I promise you won’t regret it!
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- Jaque Sue
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*****
Jeff was very good at communicating through the home buying and searching process. He really goes to bat for his clients when the lender starts to hold things up. I would definitely recommend him to first time home buyers.
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- Amanda Harding
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*****
I loved working with Jeff. He was very informative and helped me find exactly what I was looking for. He was easy to contact and always made himself available to assist me.
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- Melissa Ann Black
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*****
I have tried many realtors, and it was really difficult to find someone like Jeff, he no only help me but he advised on every step of the way, he was able to show how much he care that I got the right home even on this difficult times. Thank you Jeff!
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- Rey Pena
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*****
As a loan officer, I work with quite a few realtors and must say, Jeff Tomlinson is one of the best in the business. He is always quick to return phone calls, and sets the precedent with his extraordinary customer service and communication skills. He is also great to work with because he stays organized - - which absolutely helps my team's processes stay even more streamlined. If you are in need of an attentive and outstanding realtor--I recommend Jeff with my fullest confidence.
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- Ken Martello
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*****
Jeff was on his game from the start. He told us what we could get, came the next day to take pictures, and had our home on the MLS that afternoon. Jeff gave us some advice on how to set up our home for a successful showing and we followed it. Within 3 days we have several offers above our asking price, and accepted an offer. Jeff was with us every step of the way and made it a super easy process. I highly recommend utilizing Jeff’s expertise to get the most out your most valuable asset.
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- David Bunz
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*****
Jeff was our realtor when we were looking for a condominium a couple of months ago. Jeff found several units for us that were "fresh" on the market, and hence we had a first look and option. He helped navigate us through the uncertainties that go with any properties and personally resolve some issues that were brought up when we had a home inspection. I would strongly recommend Jeff as a realtor and know I will use him again when I buy another property.
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- Clinton McCarthy
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*****
Jeff is hands down the greatest realtor to work with. He took care of us when we decided to build a house and made sure to ask the questions we never would have thought to ask. It was a great experience to work with him and I would recommend him for any of your realtor needs!
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- Nina Martinez
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*****
Jeff is very friendly and easy to work with. He works hard to help you find the right home and gets you the best price on the home you are selling.
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- Richard Davidson
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*****
As you know finding a home in todays market is tough. Fortunately Jeff and I found each other. There is no doubt I would not be a homeowner today without his expert advice! From start to finish he was responsive and was not afraid to say he didn't know something if he didn't. Where others submit 20 or 30 bids and still don't have a home, I submitted two bids and won over 11 others who bid on my property. Thanks Jeff I feel indebted to you!
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- Lynn Wright
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*****
Awesome job loved working with Jeff.
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- J. Marie Holderness
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*****
Jeff was great to work with on our home buying experience. It was our first time buying a home and Jeff was able to fight for our needs and look out for our best interests in areas we did not know about. I highly recommend working with Jeff.
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- Steven Bayles
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*****
Jeff literally is a rockstar!! He sold our house on the first day, with multiple offers. He helped us purchase our dream home effortlessly! Jeff is very professional and knowledgeable but fun to work with. I recently contacted Jeff for referrals on a basement finish. He has referrals for everything. I would recommend Jeff to anyone and would use him again if we ever move. He is literally the best.
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- Andrea Corbridge
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*****
Jeff is an amazing realtor and all around guy! Very down to earth, knows exactly what he’s talking about and will get you the answers to any question you have. Our timeframe for viewing homes was late in the evening due to when we get out of work and Jeff accommodated us in every way. The first time I spoke with Jeff I told him what we were looking for and within 30 minutes he had sent me some great options. If you are looking for a home or just want to see what’s out there I highly recommend Jeff Tomlinson!!!
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- Jared Vanloo
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Jeff helped us find the perfect townhome we are so grateful.
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- Xavier Hill
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*****
Fantastic agent! We worked together to help a military family relocate to UT from back east and he made the process so easy for the client and me. I would highly Recommend Jeff to anyone looking to buy a home!
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- Jamie Cline
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*****
Jeff was amazing to work with and always extremely responsive. We went from looking at our first house to finishing closing in 3 weeks total. For buyers: Jeff will guide you if you let him. Following his advice got us the home we wanted within 5 hours after the offer. If you pick Jeff as a realtor, place some trust in him and do what he says (within reason). IF we ever buy a house again, Jeff will be the only call I make for a realtor.
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- Yan Smith
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*****
Jeff went above and beyond to help sell my home!! His recommendations were perfect in getting things ready to show and getting the best selling price. Easy to work with, quick to respond and answer questions, highly recommended.
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- Shae Moon
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*****
I have worked with Jeff on a few real estate transactions. He has always been very knowledgeable and professional. He is very personabl and easy to work with. His years of experience in the market are a great asset. Wether you are buying or selling I highly recommended having a conversation with Jeff.
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- Justin Lewis
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*****
Jeff came through for us at the 11th hour making sure the lender got everything done by closing! Difficult buying a house from 2,000 miles away but Jeff got it done for us!
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- John Davis
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*****
Jeff was wonderful in helping me buy a new home closer to my family. Quick to return texts and calls. Answered all my questions. Made buying a home stress free. Jeff you are the best!
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- Mary Fredinburg
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*****
Jeff is great to work with. His knowledge of the Real Estate market comes in very handy when you need to negotiate all the terms of the Sales Contract. Jeff is a Professional and would not hesitate to use him again. Thank you, Jeff!!
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- Glenn Fernstrom
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*****
Jeff's honest and professional advice has helped me prioritize my home improvement projects. The improvements have made my home more attractive to a buyer and added value to my home. I consider Jeff a trusted friend and appreciate the home improvement ideas from him.
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- Mark Wagner
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*****
My husband and I are a military family and first time home buyers. Jeff was extremely professional and so helpful. Answered all our questions and any concerns we had. I would recommend him to anyone who is first time home or a veteran home buyer!
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- Sweet Aurora
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*****
Jeff was so great to work with.
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- Lou au
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Jeff was very outgoing continued to go above and beyond always took time to look into what we asked about and still follows up with us to this day. We appreciate the way he looked up all the little details in the homes we looked at even in the one that we found it’s nice to know that we had someone in our corner looking out. We’re new to this area and we highly recommend Jeff Tomlinson.
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- Trinidad Lopez
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*****
Jeff was the perfect realtor for us. He was able to show us many properties including ones that we found online. He never tried to up sale us or show us homes that were out of our price range. He got us into a beautiful home in Perry right in the location and price range we were looking. Jeff was prompt to respond to texts and calls, and negotiated with the sellers well. Jeff is experienced in his field and can give advice on many things. I would recommend him as an agent.
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- Travis Rudd
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*****
Jeff was great with the numbers, spot on with pricing, not too high, not too low. He helped us with getting the house market ready. He was very responsive to our worries and questions. He offered us solutions to issues that came up during the process. His opinions weren't just what we wanted to hear; his advice was thoughtful and honest. He was with us through the entire way. Jeff is highly knowledgeable and I would recommend him to anyone.
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- Joseph McFadden
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*****
Jeff is a professional, in every good sense of the word. He puts his clients and people above profit. He has extensive knowledge about Utah real estate, and the Davis County housing market. He knows the value of a home and how to make it more valuable. Had I gone with the Jeff the first time, I would have saved over $50,0000. I should have listened to all my friends who said that Jeff was wonderful. I didn't the first time and lost my life savings. But, Jeff came in after the fact. He took the time to help me and try to save me from my incredible mistake of using another realtor. He could not have made one penny for all the information and time he shared with me. If you want my story, he can give you my phone number. Jeff is an incredible realtor, but a wonderful man.
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- Vicki Hanson
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Washington County Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
