3 Rules to Remember When Shopping for a MortgageSince you're in the market for a new home, you're probably in the market for a new mortgage. Here are 3 critical shopping tips for anyone looking for
Buy Or Sell First
Buy or Sell First?
The classic dilemma for many homeowners is whether to buy or sell first. There is no “right” answer. It depends on your specific circumstances as well as current market conditions.
"It depends on your specific circumstances as well as current market conditions."
Most homeowners believe that it's more prudent and less stressful if you sell your existing home before you buy a new one. You can often get top dollar for your home if you are not under pressure to sell. And you're in a better position to negotiate when buying a home. If you have to make an offer contingent on the sale of your home, you often lose negotiating leverage.
The risk of selling first is that you'll be under pressure to buy a new home before closing. In a competitive real estate market, the period between going under contract and closing may not be a realistic timeframe for you to find your dream home.
If you currently own a home, we should talk as soon as possible on what will be best for you in today’s marketplace. Give me a call today.
Denny Lee is the owner of The Yellow Door Team. His absolute dedication to customer satisfaction has propelled his team to #1 in a brokerage with over 400 active agents for the past several years runn....
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