Re: Home Purchases: How Did You Time Sale of Your Home & Purchase of New One?
The best thing to do is to sell your house first. Then when you have the cash you really know what you can afford. After selling move into temporary housing month-to -month and put all your things in storage. Take your time to find the right house and when you do your offer will be very attractive because you have the money already. An offer with contigencies doesn't make you a good buyer, but if you have the down payment already you will be able to negotiate with the seller. You also don't want to be under time pressure to buy your house and make the wrong decision.
Another thing is that the real state market is about to crash so now is the time to sell( sell high and buy low) and wait at least a year to buy anything. You will save a lot of money.
good luck
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