Monday, September 11, 2023 / by Richard Eimers
Some real estate markets are very competitive. If you’re looking to buy a house while selling your own and need the proceeds from the sale of your existing property to make a down payment, you may be frustrated with the choices you’re faced with.
Sellers in hot markets benefit from multiple offers and low, quick-moving inventory. These hurdles are problematic for buyers, but especially those on a tight timetable before their current home is scheduled to close. If you’re confident your home will sell very quickly, you may prefer to buy your new home before selling the old one. But how will you raise enough cash for the down payment? Although challenging, here are six options for buyers looking to buy a new home before selling the old house.
Buying a new house before selling the old one
Selling before buying is the way most people buy a home as the proceeds from the sale of a current home is usually required tL ...