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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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Q	What is the most unusual maintenance project done once each year in the United States?
A	The Niagara Falls is shut down for maintenance every year in the fall by diverting the flow of water for 24 hours using a massive series of pipes constructed in 1837.
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John Hill Group, REALTOR®, real estate agent and broker for Gilbert, Queen Creek and Mesa, Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

John Hill Group
Keller Williams Integrity First Realty
2500 S. Power, Suite 121
Mesa, AZ 85209
480-632-4200
Fax: 480-889-2125
JohnHill@NUMBER1EXPERT.com

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