For
homeowners aiming to sell their home and buy another, it's the
classic real estate, which came first, the chicken or the egg,
question - buy or sell first?
If you sell first, you may find
yourself under a tight deadline to find another house, or be forced
in temporary quarters. If you buy first, you may be saddled with two
mortgage payments for at least a couple months. You may need the
money from the sale of your original home in order to pre-qualify
for a loan for your new home. You may be facing a job relocation and
need to sell quickly.
There are many variables involved; there is no universal correct
answer. It basically comes down to your specific circumstances.
If you already own a home, you’re probably struggling with this
basic question: what do I do first, buy the home that I want or sell
my existing home? And the answer is as individual as you are.
Generally, most real estate professionals would advise you to list
your present home and shop for your new home simultaneously.
However, depending on the market and/or your individual needs, you
may want to consider an alternative. In a very robust real estate
market, a home could sell within a few days of listing. So if you
have very specific criteria for your new home with regard to
location, size, views, age, etc., in a competitive market you may
want to begin searching for and buying that home first before you
sell your existing home. As your Real Estate Sales Associate I will
discuss with you fully your individual needs and circumstances to
help you find the right solution. My neighborhood knowledge can work
for you.
Invite me in. I'll bring results.
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that identifies a real estate professional who is a member of the
National
Association of REALTORS ® and subscribes to its
strict Code of Ethics. Inquiries regarding the
Code of Ethics should be directed to the
board in which a REALTOR® holds membership.