One of things to think about when you are selling your home in the Danbury area is where you would go if the house sells. One of great things about being in Danbury is there is a number of apartment complexs that may offer shorter term rentals (6 months or longer) so you can move out of your home and have time to look for your next home. You don't have to buy the first house you see and have time to explore several options and new properties may come on the market. However, short terms rentals typically cost more per month than a standard one year lease.If you are looking for more time, perhaps want to start looking a new place about six months after you close so you can save up money,etc, perhaps signing a 1 year lease at an apartment complex or leasing a privately owned condo or townhome is your best option.
Moving several times in a short time period is stressful and may cause damage to your furniture. Also, renting isn't always the best option if you have pets or very spefific needs. I do offer clients a couple of house hunting trips, if they are considering selling their current home and purchasing a new property. After about 2 trips out, clients usually decide on whether they should list their current home or not. Once the home is listed, we can out of periodically, but we can't get really get serious about finding a new property until you are expecting an offer or have successful negoiated a sale on your home. I always advise clients it's better to have your house sold and have money in the bank then to lose a buyer on your house by asking for too much time to close to have you find a new home. You can always rent. The timing of everything is handled through your closing attorney.
Probably like most people, you can't purchase a new home unless your current home sales. You will need to have some money in the bank in order to start the process of the purchase a new home. You will need 1% of the purchase price for a deposit on the new home (1% is typical), a few hundered dollars to pay your inspection, another few % of the purchase price to give at contracts and fees for your mortgage. Also budget some money for any repair issues that may come up for the sale for your home. Most of clients like to have a bulk of the downpayment for their new home come from the sale of their current home. What happens most the time is, sellers would close on their current house first in the morning then a couple hours later, they go back to meet their attorney and do the closing on their new house.
If everything goes well, your home is sold and you can move into a new property. If you are interesting moving, please contact me!
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