Timing can sometimes be difficult if you have to sell a home before you can buy another one. Most people need the equity from the sale of their first home for the down payment on the new house. If your present home goes on the market first, you may be concerned that it will sell before you find the one you want to buy. On the other hand, if you find the perfect home before your present home is under contract, the sellers may be reluctant to accept your offer, and you may be too nervous to sign a contract.

It is a good idea to sit down with a good real estate agent for some professional advice before you begin your search. It will probably be necessary to be flexible on the closing date, because it can be easier to find a home that you want to buy than to sell your present home. After finding the house you want, you can ask the lender about arranging a short-term bridge loan that can make the purchase possible before you sell your current residence.

	See All Tips In The "Real Estate Contracts" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Lois Oliver-Miesbach MBA, CPA, Principal RE Broker
Real Estate by Lois & Hill
4800 SW Meadows Rd Suite 300
Lake Oswego, OR 97035
Cell/Voice Mail: 503.453.3092
Fax: 888.453.2820
Lois@LoisMiesbach.com

You will find that Lois Oliver-Miesbach's commitment to you and your real estate goals will be performed with knowledge, integrity and dedication. That’s why more than 90% of business is from past clients and referrals!

www.LoisMiesbach.com is brought to you by Lois Oliver-Miesbach
NUMBER1EXPERT™ in real estate for Lake Oswego, Portland and West Linn, Oregon

Read Lois Oliver-Miesbach's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge