Which Comes First...Buying or Selling?
January 2013.
It's still a sellers market.
But that doesn't mean that you can go out and look for a new house, expect an accepted offer on it and THEN put your house on the market.
The best way to buy a new house is to sell your house FIRST.
Unless, of course, you can qualify for the new mortgage without selling your house. Or you can pay CASH for the new one. That's even better!
In the old days (whenever that was, I wasn't in the industry back then), it was acceptable to make an offer to purchase a house CONTINGENT on selling your current house. That sort of thing happened quite a bit.
But, in today's Sellers Market, why would they accept your offer when there are a ton of other buyers out there that don't need to sell their house?
That's right, folks.
Selling comes before Buying.
*I'm sure there's 1 or 2 other scenarios that you could come up with, and I'd love to hear them!
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