| Moving up to a new house can be a tricky thing. | | | | 2. You got a great deal that's hard to pass up - |
| Should you buy a house first then sell the one | | | | Let's say for example that you've been meaning |
| you have now? Should you sell the house first | | | | to move up but you haven't really found The |
| then buy the house you want after? Should you | | | | Right House to commit to yet. Then while |
| do both at the same time? There's really no | | | | shopping around for Yardley homes for sale you |
| definite answer for this. The answer will really | | | | find a Yardley real estate property that is |
| depend on your current situation (both personal | | | | everything you want it to be, and the price is too |
| and financial) as well as the situation of the real | | | | attractive to pass up. Regardless of whether it's a |
| estate market both in your current area and in | | | | buyer's market or a seller's market, this is |
| the area where you want to move in. The timing | | | | something that's really tempting. However, before |
| during these times can be quite sensitive because | | | | you consider buying another house before you |
| if make a mistake in it, you could end up not | | | | are able to sell your own house, still consider the |
| having a house to live in or spending too much | | | | question of whether you can maintain both |
| money and time renting a temporary place to live | | | | houses and get down to figure out the numbers. |
| in. | | | | How long can you keep it up? Can you keep up |
| Here's a few things you can consider when you | | | | payments for two houses for several months, in |
| are on this kind of situation: | | | | case you run into difficulties selling your current |
| 1. If you're currently looking at a seller's market - | | | | house? |
| This could be a great time to sell your house and | | | | 3. You are confident that you can sell your |
| get a good price for it and then snap up a house | | | | current house at the price you want to sell it for |
| you want to buy before the price climbs higher. | | | | - It's very risky to assume that you can sell your |
| Ideally, you should set a contingency in the | | | | house at a certain price and plan to buy a house |
| purchase contract saying that you will only push | | | | based on this assumption about the future. If |
| through with the purchase if you can sell your | | | | you're absolutely sure that the buyer of your |
| original house, but you should be prepared for the | | | | house will push through with the promise to buy |
| fact that sellers typically won't agree to this | | | | your house a few months before you purchase |
| contingency during a seller's market. It would be a | | | | the house of your dreams, a few month's |
| different story in a buyer's market, but in a | | | | difference would probably be something you can |
| seller's market, that's usually the way it is. The | | | | deal with. Again, this is something quite risky to |
| question you need to ask yourself is whether you | | | | do, and you could be virtually stuck with two |
| have the means to maintain two houses at the | | | | houses to maintain for a long time, which is quite |
| same time, at least until you are able to sell your | | | | a financial burden if you're not prepared for it. |
| first house? | | | | |