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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.
Please call an agent who will always put your interests first. I want to be your trusted Real Estate advisor and agent. If you or someone you know needs expert Real Estate assistance, then please call me at (719) 337-1203. I look forward to speaking to you and earning your trust for a lifetime.
My personal tag line says it all...YOUR Family, YOUR Home, Your Trust!!!
www.HomesAroundthePeak.com
is brought to you by Patty Meola
Real estate agent(s) for Colorado Springs, Monument and El Paso County, Colorado
