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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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Dawn DuBose, REALTOR®, real estate agents and broker for St. Augustine, FL, St. Johns County, FL and Jacksonville Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Dawn DuBose
Watson Realty Corp.
12710 San Jose Blvd.
Jacksonville, FL. 32223
Phone: 904-288-6216
Fax: 904-268-4404
Email: dawndubose@NUMBER1EXPERT.com
When you hire Dawn DuBose, you get the benefit of her knowledge and judgement. Dawn has been the #1 Salesperson for Watson Realty, Corp. for five years. She has been awarded the William Marvin Award for four consecutive years, along with the Listing Award and Humanitarian Award from Jacksonville Association of Realtors.

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