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Selling Your Charlotte Home Despite the Chicken-Egg Dilemma

By
Real Estate Broker/Owner with One Home Team Realty/Charlotte,NC 704-293-3931 246546

Sellers market

 

Especially when the market is moving briskly, selling your Charlotte home can put you up against a chicken-egg quandary. “Which came first?” is as unanswerable today as when we argued about in the second grade—yet when a key decision about selling your home depends on answering a similar puzzler, it’s anything but whimsical.

The metaphor is almost exact. If you know you will be buying a new house but haven’t yet sold your current Charlotte home, which comes first?

As for the new purchase, the universally agreed upon best practice for house-hunting is to be able to produce a lender’s preapproval for X dollars.

So selling your Charlotte home has to come first, right?

But if you need to have sold your home before you get serious about finding a new one—what if the tight market means it may take a while to find the right home at the price you’re looking for? Selling your current home usually means committing to moving out at a date that’s fast approaching!

So that means locking up the new home comes first, right?

The answer is to have faith that—unlike the chicken-egg riddle—generations of Charlotte buyers and sellers have successfully solved the dilemma. It involves a number of working parts including the particulars of your current financial profile, a formulation of the post-sale net proceeds, and a properly constructed pre-approval letter that will be contingent on the successful closing.

Although you could put all those parts together yourself, that’s hardly necessary. It’s a piece of cake once you’ve enlisted the services of the Charlotte professionals who deal with these issues all the time: a team including your knowledgeable Charlotte Realtor® and an experienced local mortgage professional. Call me whenever you need to solve any similar Charlotte real estate dilemma. I’ll be at your side to help protect something else: your nest egg!

Posted by

Wayne Bennett - Broker Owner / Realtor ® GRI, ABR, e-PRO, SFR, CDPE

Licensed in NC & SC

One Home Team Realty

O: 704.218.2064

C: 704.293.3931

F: 704.749.2030

 

http://www.CharlotteNCAreaHomeSearch.com

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