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This is generally sound advice unless you live in an extremely hot market...
Unles your Realtor is sure you'll be able to sell your home quickly, it is very important to ensure that you are able to sell your home before committing to a new Home. Timing is crucial, so start working with your agent to find a new home as soon as yours is listed. With a little bit of luck, the day you accept an offer on your home, you'll be able to make an offer on a new home and close both deals on the same day. At worst, you may have to live in a rental for a couple of months, but most people agree that moving twice is preferable to being stuck with two mortgage payments!
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Did You Know?
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Always get an inspection. |
| Any purchase offer you make should be contingent upon your approval of a qualified home inspector's report, even when buying a new or almost new home. Friends, family, or your Realtor may be able to refer you to a good inspector, or you can contact the Better Business Bureau for a list. Even if your lender does not require it, you may want to consider conducting a full land survey--property line disputes could potentially cost you thousands down the road, and are typically not covered by title insurance. |
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Keith James Blazek, REALTOR, ABRM, AHWD, CRB, CRS, GRI, TRC, e-PRO, is a proud member of the ActiveRain Real Estate Network, a free online community for real estate professionals to promote their business over the Internet. You can find other outstanding Florida real estate agents on ActiveRain.com.
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