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Answers (4)
- Michael Liew, "MichaelLiew"
- Contributions:33
Try to sell your house first would be the best way to go about it.
- Ofe Polack, "Ofe Polack"
- Contributions:1418
First of all place your present home on the market, and price it to sell, contingent upon finding yourself a home. Meanwhile start looking at homes, once you have a firm contract you can then make an offer on the home you intend to buy, always subject to the closing of your present home, that way if for some reason that sale does not go through you will get your escrow back. Good luck!
- Chris O'Connor, "CallChrisToday"
- Contributions:269
Either you must qualify to hold two mortgages concurrently or you must make the offer to buy the new home contingent upon the sale of your current home.
The problem is few sellers will accept such a contingency in this market because of the very high probability of your home never selling for a sufficient sales price in an acceptable amount of time.
The problem is few sellers will accept such a contingency in this market because of the very high probability of your home never selling for a sufficient sales price in an acceptable amount of time.
- wetdawgs
- Contributions:26825
a couple of possibilities:
a. Have your own house on the market with a solid offer almost to closing, then place an offer on the other house.
b. Have sufficient income to cover both mortgages.
a. Have your own house on the market with a solid offer almost to closing, then place an offer on the other house.
b. Have sufficient income to cover both mortgages.
How do you buy another house, but you still have to sell you own house first? Possible?
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