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Real Estate Contracts >Selling Before Buying

Timing can sometimes be difficult if you have to sell a home before you can buy another one. Most people need the equity from the sale of their first home for the down payment on the new house. If your present home goes on the market first, you may be concerned that it will sell before you find the one you want to buy. On the other hand, if you find the perfect home before your present home is under contract, the sellers may be reluctant to accept your offer, and you may be too nervous to sign a contract.

It is a good idea to sit down with a good real estate agent for some professional advice before you begin your search. It will probably be necessary to be flexible on the closing date, because it can be easier to find a home that you want to buy than to sell your present home. After finding the house you want, you can ask the lender about arranging a short-term bridge loan that can make the purchase possible before you sell your current residence.

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Q	What has been described as the world's most beautiful building?
A	The white marble Taj Mahal in India was built by the Mogul emperor Shah Jahan (1631-53) to enshrine his favorite wife.
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The Jacki Ruiz Team, REALTORÂ®, real estate agents and broker for Lansdale, Harleysville and Schwenksville, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Jacki Ruiz
Keller Williams Real Estate
910 Harvest Dr, Suite 100
Blue Bell, PA 19422 USA
Direct: 215-654-6063
Office: 215-646-2900 x6063
Fax: 215-654-6002
jacki@jackiruizteam.com
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