- Can search for new home without pressure.
- No need to find interim housing.
- Risk of double mortgage payments.
- Equity from current home unknown.
- Equity is immediately available.
- No double mortgage payments.
- Risk of having to find interim housing.
- Pressure to buy can lead to rash decisions.
- Get rid of stuff. You don’t want to be hauling junk to the dump while the clock is ticking.
- Fix what you can. If necessary, hire an inspector to determine what needs doing and get it done.
- Disclose what you don’t — fix, that is. If you don’t want to take on a major repair, be sure to disclose the problem to the buyer. It may be better to accept a lower offer than to have the deal fall apart.
The best thing to do when trying to juggle the details of buying and selling a home concurrently is to consult an expert realtor who have handled transactions such as this. They can be a great guide throughout the process. If you have further questions about this process, please contact our office at your earliest convenience. One of our agents would happy to assist you.