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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. 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 Realtor for some professional advice before you begin your search. It will probably be necessary to be flexible on the closing date because it is usually easier to find a home that you want to buy than to sell your present home. If you have found the house you want, you can ask the lender about arranging a short-term bridge loan that can make it possible for you.

 
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