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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.
Cassandra Ewer New Village Realty 890 West Elliott Road Suite 101 Gilbert, AZ 85233 480-635-4600 Fax: 480-786-2244 Cassandra@NUMBER1EXPERT.com
As a highly successful real estate broker with over 15 years experience in the Arizona real estate market, Cassandra Ewer has the knowledge and skill to make any real estate transaction a reality. The New Village Team is a team of experts, each committed to assisting you with your individual real estate needs. Call us today!
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