Barb Schlinker The Real Estate Voice

Barb, when people have a house to sell before they buy their next home, how can they make that work?1.   If they need their net proceeds out of their home to buy their next home there are a few options to consider:o   Some people fear the risk of two payments and will not make a move without selling their home first.o   That’s ok, it just creates a little bit more, carefully times work on our part, we can do it thougho   I recently had a client who was in that situation but they qualify for both the home they are selling and the one they are buying,❖  We were seeing homes they were interested flying off the shelf➢Scheduled 3 homes on Thursday for Sat am show➢ 2 were cancelled because they went U/C on Friday➢That is in $575-600K price point!❖They got a Heloc line of credit to use as their down payment❖Qualified to Buy First then take their time selling and moving out…Ahhh!  Much less stress if you can do that2.   If you need to Sell first here are the options:●Put your home on the market, make an offer conting