Buying second home before selling current one, while tricky, can be possible with the right contingency planBy Ilyce Glink and Samuel J. Tamkin May 22
(Steve Helber/Associated Press)
Is it smart to buy another home before selling your present home?
That’s a loaded question given the lack of information you’ve shared with us, but we’ll try to give you some guidance.
As a general rule, you’d rather know that you have a buyer in hand to purchase your home before you go out and buy another. Most folks can’t afford to own two homes at the same time. You might not have enough cash on hand to put down the money needed to buy the second home, or you might need lender financing and your lender…
Top 10 Reasons to Hire a Real Estate AgentBy Elizabeth Weintraub Updated June 18, 2016
With so much information readily available online, clients sometimes ask me, "Why should we hire a real estate agent?" They wonder, and rightfully so, if they couldn't buy or sell a home through the Internet or through regular marketing and advertising channels without representation, without a a real estate agent. Some do OK, many don't. So if you've wondered the same thing, here are 10 reasons why you might want to consider hiring a professional real estate agent.
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Education & Experience
You don't need to know everything about buying and selling real…
The following originally appeared on Unison.com.
Buying your first home is likely one of the most memorable events of your adult life. You have scrimped and saved and now it’s finally time to buy. But what should you expect when you actually go through the process? Like many other rites of passage, your expectations of what may happen could be a little different than the reality. To prepare you for your first-time home buying experience, here are some tips to keep in mind.
1. Really understand the finances
First-time buyers are excited about looking for homes and don’t often take enough time to understand all the financial aspects of buying a home. You should understand exactly how much you can afford before you fall in love with a home, so…
There's a selling myth that you should wait till springtime to sell your home. While spring is the busiest season for real estate sales, people buy homes 365 days a year. If you decide you need to sell your home in the off-peak season, emphasize its seasonal amenities.
Choose Your Selling Season
Because many buyers prefer to move in the spring or summer, the market starts to heat up as early as February. Families with children are eager to buy so they can move during summer vacation, before the new school year begins.
The market slows down in late summer before picking up again briefly in the fall. November and December are traditionally slow months, although some astute buyers look for bargains…
6 Questions to Ask Before Selling Your House
The idea of selling your home may be exciting, but there's a laundry list of questions you must ask yourself before even thinking about hiring a realtor. From determining if now is the best time to sell, to deciding if your curb appeal is up to par, consider this comprehensive list of presale questions to get your ducks in a row.
1. What is the remaining balance on my primary mortgage and any other home equity loans I have taken out?
You first need to determine if you can afford the process of selling your home. Ideally, you'll make a profit from the sale, but this doesn't always happen.
You need to check how much you owe on the mortgages and loans you've taken…
Simple Ways To Save Money When House Hunting
Home sweet savings.By HuffPost Partner Studio
There are a ton of emotions that come into play during the home buying process, making it all too easy to overlook potential money drains. To help you avoid buyer’s remorse, we’ve partnered with H&R Block to bring house hunters tips on saving money when looking at properties. Because your home should be one of the smartest financial decisions you ever make.