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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Valerie Hunter-Kelly - Air Assault Team Keller Williams Realty Realtors For Life 2279B Wilma Rudolph Blvd. Clarksville TN 37040 Cell:: 931-320-2100 Phone:: 931-245-7435 Fax: 866-526-8997 Valerie@ValerieHunterKelly.com As a military spouse who has moved numerous times, I understand the stress of relocation. I specialize in military and corporate transfers and am licensed in Kentucky and Tennessee.