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.
The Jim Morelli Team RE/MAX Capital City 13018 Research Blvd. Austin, TX. 78750 Phone: 512-744-4153 Fax: 512-331-7480 Email: jmorelli@NUMBER1EXPERT.com
Jim Morelli is a Top Producer in the Austin market place. I understand that home is about life - YOUR life. This means that when buying or selling your home the quality of YOUR personal experience matters greatly. You will find a passionate and attentive group of professionals with the Jim Morelli Team, powerful technologies, and the most comprehensive line of related services in Central Texas. This unique combination enables us to provide you with the most valuable thing of all - a great personal experience!
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