Feb 13, 2018
It’s the age old chicken or the egg question
Do you find your new house to buy first, then hurry and throw your old house on the market and cross your fingers it sells quickly? Or, do you put your house on the market now, wait until you get a contract, and then hurry up and buy your new house?
With today’s market being so competitive for buyers, your offer has to be as lucrative to the seller as you can possibly make it. It’s important to do what you can so that you don’t have to make your offer contingent upon selling your house first. With so many buyers and such little inventory, the chances that the sellers will be receiving better offers is pretty high.
We've got this covered for you.
We work with a local lender that is able to offer a wrap loan, which enables you to buy your new home without having to sell your current one first, and to have one low interest-only payment on both houses while you transition into the new one and sell the old one. This is huge, as it enables you to be more competitive in your offers, and also doesn’t rush you into buying a house that you’re not in love with, simply because you’ve sold your old home.
I’d love to get you more information about this, if it sounds like something that would be a good fit for you. Let me know how I can help.