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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.
Delores A. White & Lisa R. Hatcher Thompson Carr Real Estate LLC 1148 Wagner Dr. Suite 101 Sevierville, TN 37682 Delores Mobile Office: 865-850-4264 Fax: 865-774-5358 Office: 865-774-5338 Lisa's Mobile: 865-654-8280 deloreswhite@NUMBER1EXPERT.com deloresawhite@cs.com lisarhatcher@gmail.com
When choosing The Delores A. White Team as your Realtor, you will be getting agents with over 14 years combined experience, recognized with honors, a Certified Resort Property Specialist, a Certified Accredited Buyers Agent and a top producer in the entire Mid-South Region.
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