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The Chicken or The Egg or When You Have a House To Sell
The Chicken or The Egg or When You Have a House To Sell
We all remember the old saying, what comes first the Chicken or the Egg?     What about when you have a home to Sell and you need to find a new abode?    What comes first, Selling or Buying?
The answer all depends upon the current market.   What are the conditions in your area?  
When the question is asked of me today in this market, I have to answer that unless you are willing and able to purchase without selling, you should be selling your home first.  
Why?   It makes you a stronger purchaser.    The Seller can consider your offer and know that when you agree upon price and after all normal (home inspection, mortgage) contingencies are met, their home will be sold.    If they consider your offer with a home sale contingency, they are effectively putting their sale on hold until you sell yours.   How do they know you are going to price it and market it correctly?   They don't.    That is why most Sellers will not consider this unless they are highly compensated for the risk.     
Okay, So you have to sell in order to ... more

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