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Real Estate Tips
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.

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Real Estate Trivia
Q 
Which hazardous substance is contained in sixty-four million houses and apartments?

A 
HUD estimates that 64 million homes and apartments built before 1978 contain lead-based paint.
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Patti Wood, REALTOR®, real estate agent and broker for Chino Valley, Prescott Valley and Prescott, Arizona home listings, property and land for sale - NUMBER1EXPERT

Patti Wood
Century 21 Pauley and McDonald

901 South Hwy 89
Chino Valley, AZ 86323
928-636-2328
Fax: 928-636-4759
PattiWood@NUMBER1EXPERT.com


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