“How are we going to pull this off?” It’s a question we get on a regular basis. John and Nancy found their dream home. The only thing standing in their way is they need to sell their current home in order to buy it.
Sometimes our clients don't even begin looking for another home because they're paralyzed by the confusion of which to do first: buy or sell. "Where will I live if we sell first?" "I don't wanna move twice." It’s a dilemma, right?
There are several ways to approach buying a home when you currently own one:
Buy, Move, Sell- buy the new home and move into it. This requires enough cash or income to carry two mortgages until your current home sells. This is the best option if you have the income to cover both…