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Message
best way to go about selling and buying a house
Posted on 2/13/19 at 10:00 am
Posted on 2/13/19 at 10:00 am
It is time to sell our current house and buy something bigger.
What is the best way to go about this process? Do I sell and then ask for 3 months or so to find a house?
There are couple houses on the market I would be interested in but who knows if they will be available by the time my house sells.
What is the best way to go about this process? Do I sell and then ask for 3 months or so to find a house?
There are couple houses on the market I would be interested in but who knows if they will be available by the time my house sells.
6
Posted on 2/13/19 at 10:00 am to LSUvegasbombed
Buy a house with an offer contingent on selling yours
Posted on 2/13/19 at 10:10 am to LSUvegasbombed
This post was edited on 12/21/21 at 1:08 pm
Posted on 2/13/19 at 10:12 am to LSUvegasbombed
This is how people end up getting 'stuck'.....the indecision part...you kinda gotta jump out on faith that you'll find something you like or be willing to rent for a bit if nothing comes up.
You can absolutely make contingent offers, but from the folks I talked to last year, sellers weren't really interested because there were plenty of buyers ready to make non-contingent offers.
List yours first, get an offer, pounce on replacement.
You can absolutely make contingent offers, but from the folks I talked to last year, sellers weren't really interested because there were plenty of buyers ready to make non-contingent offers.
List yours first, get an offer, pounce on replacement.
Posted on 2/13/19 at 10:17 am to LSUvegasbombed
I would sell. Rent an apartment. Have your cash ready to jump on the next house available in your ideal neighborhood.
That's assuming you are averse to having two mortgages and renting out house A.
That's assuming you are averse to having two mortgages and renting out house A.
Posted on 2/13/19 at 10:30 am to BitBuster
i figured the contingency is a big turn off
im just going to have to take the chance.. If i had to rent, what are the chances of finding a renter willing to do month by month?
im just going to have to take the chance.. If i had to rent, what are the chances of finding a renter willing to do month by month?
Posted on 2/13/19 at 10:39 am to LSUvegasbombed
I bought a house before selling mine. It was a pain but I got it done. I'm also making payments on both of them right now, but my old one will sell, even if I fire sale it, and it will all be worth it.
My recommendation is if you find "THE" house then don't let it go.
My recommendation is if you find "THE" house then don't let it go.
Posted on 2/15/19 at 4:37 am to LSUvegasbombed
You can sell your house with a leaseback clause. Basically you sell and then “rent” from the new owner for a few months. Used fairly often in real estate transactions. 2-3 months “rent”. Other and most widely used is a contingency like others have posted.
Posted on 2/15/19 at 6:01 am to LSUvegasbombed
quote:
figured the contingency is a big turn off
It is but I’ve done it and made it work. You have to find someone who isn’t in a real rush to sell and you are also going to have to pay a premium to make it worth the seller’s time and to set you apart from those without a contingency.
In my case I really wanted the house so I overpaid. I knew I was over paying and was ok with that since it was an in demand neighborhood with nothing else for sale at the time.
Every deal and situation is different and there is no hard and fast rule however.
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