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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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Q	What Pasadena, California house was the movie home of the eccentric "Doc" Brown in the 1989 film, "Back to the Future"?
A	The famous Gamble House, a landmark of Craftsman architecture, is now open to the public for tours.
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Gutierrez Real Estate Group, REALTOR®, real estate agent and broker for Bridgeport, Stratford and Trumbull, Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Gutierrez Real Estate Group
Century 21 Greengarden - Gutierrez Real Estate Group
4942 Main Street
Bridgeport, CT 06606
203-257-9954
Fax: 203-371-5237
eddiegutierrez@NUMBER1EXPERT.com

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