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Real Estate Tips
Real Estate Contracts >Selling Before Buying

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.

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Real Estate Trivia
Q 
Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?

A 
Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria.
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Sandi Phillips, REALTOR®, real estate agent and broker for La Quinta, Palm Springs and Palm Desert, California home listings, property and land for sale - NUMBER1EXPERT™

Sandi Phillips
HK Lane Real Esate

72895 Fred Waring Drive
Palm Desert, CA 9260
Direct: 760-567-5506
Fax: 760-262-3053
Sandi@SandiPhillips.com

Whether you are new to the market, thinking of moving up, or you are an experienced investor, Sandi has the expertise, proven track record, and resources to help you buy or sell your next home Sandi Phillips's Profile
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