Navigating two property transactions at once? Our property law solicitors help you manage both with confidence and clarity.
MB Solicitors are expert Property Law Solicitors in Ireland.
Call (01) 5677343 or use the contact form below for a quote for conveyancing or property law advice*.
*Consultations and conveyancing can be done remotely e.g. via Zoom and we also use digital signature process and e-conveyancing services as suits you.
Buying a new home while selling your current one can feel like trying to solve a puzzle with moving pieces. It’s a balancing act – you need to sell in time to release funds, but you don’t want to be left without a place to live if your new home isn’t ready.
At MB Solicitors, we understand how stressful this process can be. That’s why we’re here to guide you through each step, ensuring both transactions align as smoothly as possible.
Buying First? Selling First? Or Both Together?
Depending on your financial position, you might be:
- Selling before buying: You may need to rent short-term or use storage. We’ll help time things strategically.
- Buying before selling: You may need bridging finance or a flexible mortgage – we’ll help review options.
- Buying and selling simultaneously: We’ll manage the coordination and keep you in control.
Why Buying and Selling Simultaneously can be More Complex
While buying or selling on its own comes with its own legal steps and timeline, managing both at the same time introduces an extra layer of pressure. Here’s why:
- Timing is everything: Your sale needs to close in time to fund your purchase – delays on one side can impact the other.
- Increased legal coordination: You’re dealing with two sets of contracts, two sets of timelines, and potentially two sets of solicitors (not including the conveyancing solicitor legal teams at the mortgage lending banks) and also estate agents.
- Emotional and logistical stress: There’s more to juggle – removals, handovers, and possibly temporary accommodation if the timing doesn’t match perfectly.
- Chain risks: You may be part of a property chain where your deal depends on others also buying or selling – and one delay can cause a ripple effect.
Common Challenges (and How MB Solicitors Help Solve Them)
At MB Solicitors, we’ve helped hundreds of clients successfully buy and sell at the same time. Here are the key concerns people in this situation face – and how we can help you handle them.
1. Coordinating Completion Dates
The Issue: You want the sale and purchase to complete on the same day, so you can move out and move in without a gap. But aligning dates between buyers, sellers, and lenders can be difficult.
Our Solution: We work proactively with all parties to align both transactions. We’ll negotiate flexible conditions (such as back-to-back completions or tailored closing dates) to minimise disruption.
2. Managing the Financial Flow
The Issue: You may need the proceeds from your sale to fund your purchase deposit. But what happens if the timelines don’t line up?
Our Solution: We help you explore bridging solutions or negotiate conditional contracts that allow you to commit to the purchase once your sale funds are secured. We’ll also manage the transfer of funds quickly and securely between transactions.
3. Risk of One Side Falling Through
The Issue: You’re ready to go – but your buyer pulls out or your seller delays. You risk being stuck mid-process.
Our Solution: We protect your interests by reviewing contracts thoroughly, negotiating appropriate clauses (such as penalties or contingencies), and advising you on when it’s safe to commit.
4. Dealing with a Property Chain
The Issue: Being part of a chain means you’re affected by the actions of others – even if your side is ready, someone else’s delay can hold things up.
Our Solution: We keep lines of communication open with all parties. We’ll keep you updated, flag risks early, and help you make informed decisions about how to proceed if the chain starts to wobble.
5. Temporary Accommodation or Storage Needs
The Issue: If there’s a gap between selling and buying, you might need to move out before your new home is available.
Our Solution: We help plan for these scenarios early – advising on contract flexibility, recommending trusted service providers for storage or short-term stays, and working to reduce any gap between transactions.
What You Can Expect from MB Solicitors
- ✅ Experienced conveyancing solicitors who specialise in complex dual transactions
- ✅ Proactive management of timelines and communications
- ✅ Clear, practical advice at every stage
- ✅ Regular updates so you’re never in the dark
- ✅ Transparent pricing with no hidden fees
We’re here to make the process as seamless and stress-free as possible – so you can focus on moving forward with your life.
Our Step-by-Step Process
Here’s how we typically manage simultaneous sale and purchase transactions:
Step 1: Initial Consultation
We review your situation, discuss timelines, and explain what’s involved.
Step 2: Review Contracts & Title Documents
We examine the contract for sale and review title documents for both properties, ensuring everything is in order.
Step 3: Liaise with All Parties
We coordinate with estate agents, solicitors on both sides, mortgage providers, and other stakeholders.
Step 4: Align Closing Dates
We aim to arrange a same-day completion or as close to it as possible.
Step 5: Completion & Handover
Once both transactions are complete, we confirm keys are exchanged and funds are settled.
Learn More
Talk to Us Today
If you’re planning to sell and buy at the same time, MB Solicitors can be your trusted and expert legal partner – helping you make the move with minimal stress and maximum peace of mind.
Micheal Burns of MB Solicitors is an expert Property Lawyer – get in touch for a conveyancing quote here.
Call (01) 567 7343 or use the contact form below.
