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Real Estate Contracts >Selling Before Buying
Timing can sometimes be difficult if you have to sell a home before you can buy another one. Most people need the equity from the sale of their first home for the down payment on the new house. If your present home goes on the market first, you may be concerned that it will sell before you find the one you want to buy. On the other hand, if you find the perfect home before your present home is under contract, the sellers may be reluctant to accept your offer, and you may be too nervous to sign a contract.
It is a good idea to sit down with a good real estate agent for some professional advice before you begin your search. It will probably be necessary to be flexible on the closing date, because it can be easier to find a home that you want to buy than to sell your present home. After finding the house you want, you can ask the lender about arranging a short-term bridge loan that can make the purchase possible before you sell your current residence.
Anita Zabielski Realty Executives Prestige 1335 East Davis Street Arlington Heights, IL, 60005 847-682-7068 847-222-2000 847-526-5635 847-526-3165 anitazkey@number1expert.com
Buying or Selling, Anita Z is the key to your new home!!!! My only goal----the good life of my clients and my good clients for life!!! Personalized, professional and friendly service for 25 years!
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