One (1) Home Instead of Two (2)

If you need to sell your current home while you are buying your new home, should you go ahead and buy?

Although each situation is unique, it is generally NOT a good idea to buy another home before your first home is sold, in our current local housing market.

I have been in many vacant homes over the past months, where the sellers have moved on to their next home without their first home being sold. Usually, this is a very stressful situation for the sellers. Many sellers have bought new construction homes and thought their home would be sold by the time their new construction was complete.

Additionally, you do not want to lose or forfeit any earnest money you put down on a house, because you were unable to sell your own home.

As a seller, you may need to sell for less than you'd like. But you will make up the difference with your new home purchase. You will end up with a good deal on your buy.

You will also have more buying power with a home close contingency versus a home sale contingency. Some sellers will not even consider a home sale contingency. (And a relocation company will not accept a home sale contingency.)

As your agent, I am going to recommend that we get your house on the market, get it SOLD, and then go out with confidence and look for your new home.