Tuesday, May 22, 2018
 Buying  |  Selling  |  Financing  |  Relocating  |  Homeowning  |  First-Time Buyer 

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How To Put Your Sales On The Fast Track
Beat Your Competition To The Contract
Set The Stage For A Quick Sale

Real Estate Tip Of The Week
For the Week of May 20, 2018...

Do you know the best way to go about selling a home and buying a new one so that you won’t get stuck with two mortgages?

It’s best, where possible, to put your home on the market early enough so that you won’t be caught in a two-mortgage situation. That way, should you sell your old home before you locate a new one, you can: Two Dollar Bill
  • Ask your buyer to settle on a mutually-convenient closing date that allows you more house-hunting time.
  • If an earlier closing date is unavoidable, you might be able to sell, then rent your home back from your buyer until you find a new home.
  • If your buyer must move in before you find a new home, you can rent a home in the area where you’re house-hunting.
If, on the other hand, you must buy a new home before you’ve sold the old one, one of these interim methods may tide you over:
  • If the seller of the home you want to buy agrees, you might be able to make your purchase contingent on selling your old home within a specified time. Under these not-ideal circumstances, the seller may agree only if the home can be kept on the market while waiting for you to sell yours. If the seller receives another offer during this waiting period, you may be given the opportunity to meet the new offer or bow out.
  • If you have a purchase contract on your old home, but the closing date is some time off, you might take out a bridge (or swing) loan, using the equity in your old (and also, sometimes, in your new) home as collateral.
  • If you have accepted a transfer offered by your employer, you may receive programmed relocation assistance, which will probably cover a portion of the costs of selling your old home and buying a new one (including a bridge loan of some sort). Your company may engage a third-party relocation management company to sell your old home.If, however, your company has no relocation program, it may still assist you with the financial aspects of your move.
Each selling/buying situation is unique. If you are uncertain about which steps to take, let’s talk things over. Our experience can help you decide what to do, when and how.
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HOME SELLER How To Put Your Sales On The Fast Track
PRICING Beat Your Competition To The Contract
SHOWCASING Set The Stage For A Quick Sale
THE DEAL Proven Tips To Turn An Offer Into A Solid Contract Fast
TAKE ONE How To Package Your Home To Sell
SOLD How To Attract More Buyers With Seller Financing
INCENTIVES 12 Contract Options That Entice Today's Buyers
SELL OR REMODEL How To Get The Most For Your Money
UPSCALE RESALE Seven High-Cost Mistakes To Avoid
CONTRACT Whos Offering What, When And How For Your Home
SINGLE AGAIN How Divorce And Death Affect Home-Sale Taxes
TAX MOVES Seven Smart Strategies For Todays Tax Game
TWO MINUTE DRILL Timely Tips For Short-Notice Home Showings
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