If You Can Buy A Home Without Selling, Get Your Ducks In A Row Sooner Rather Than Later


If You Can Buy A Home Without Selling, Get Your Ducks In A Row Sooner Rather Than Later
By Scott Rogers • August 3, 2022
It's hard to get a home seller to consider a home sale contingency these days. The market is still moving quite briskly, so why would a seller tie up their home in a contract with a buyer... who then has to go and sell their home!? Sometimes, though, a buyer can buy their next home before selling their current home. This allows said buyer to make an offer without a home sale contingency, and thus, have a shot at securing a contract on the home they hope to purchase. But... sometimes... being able to buy a home without selling requires a bit of research or planning or both... RESEARCH - If you are pretty sure you can buy without selling, don't wait to talk to your lender to confirm that until a house of interest comes on the market for sale. Talk to them now! Submit documentation to your lender to get to having a firm understanding of whether you can or cannot buy without selling... and get a copy of your pre-approval letter! PLANNING - Perhaps you have quite a bit of equity in your home... or perhaps it is entirely paid off! One option may be to take out an equity line on your current home to allow you to use those funds for a downpayment on the new house... and then pay off the equity line when you sell your current home. If you're looking for a good lender for getting pre-qualified or for exploring equity line options, let me know... Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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