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Diana
Kearns, REALTOR, ASP, ABR and Michael P Kearns, REALTOR, GRI, ePRO |
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JUGGLING YOUR HOME SALE AND PURCHASE It's always a good idea to sell before you buy. It sounds like common sense, but many sellers find it difficult to start looking at open houses before they think about taking care of all the preparations needed to sell their current home. Why Sell First?
If necessary, you can negotiate a sale-leaseback, you can rent your home from the buyer for a month or two while you look for your next house. If you can't arrange to rent your current house, you will probably have to rent a home temporarily— but it's usually cheaper to pay rent plus moving costs than to pay two mortgages plus taxes and insurance for several months. It is almost always better to sell your current home first, and your lender may require it if you can't qualify for interim financing. Start managing the two transactions in tandem. Free
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