It's Easier to Move Twice than not at all in Danbury,CT

I have some clients that are thinking of selling their house in the Danbury area, but they haven't found any house that they would want to purchase to live to replace their old home. However, they don't want to list their house until they find something they like. But when that happens, like most people, you would need the equity from your current home in order to qualify for a mortgage to get the new house.  If it takes a while to sell your current home, the one that you want might be sold. Also, sellers might not be interested in a contingent offer to buy their home if your current home isn't even on the market for sale.

The good thing about selling and then renting is that you would have more time to house hunt.  You don't have to worry if the closing for your home is delayed or pushed early. You don't have to deal with any delays from your buyer getting financing or having a hard time getting their current house sold. With renting, there's usually less maintenance to do then owning and if for some reason you have to leave the area or decide not to buy a home for a while. 

When you sell your home, you would get all of the equity that you have less your closing costs. Once you close,put that money into the bank and start saving again to purchase a new home.  When you sell, most sellers get rid of a lot of things which makes moving easy.  There are a couple of negative features, such as having to hire movers twice if you can't move yourself and may be difficult to find a rental if you have pets. Renting a home may not be the perfect solution, but it does solve a couple of problems, and keep the goal of owning a new home in mind.