You need the Flash plug-in in order to see this feature

Have you decided to buy a new home? Have to sell the one you own now to do it? Here's how that works....

Posted by Leslie Eskildsen on Friday, January 15th, 2010 at 8:34pm.

So you've decided to make a move and sell your Orange County, CA house - to buy a larger home, a smaller home, a newer home, or a home in a different city.  But you have to sell the house you own now to make it happen.  How does that work?

Well, you have a couple of options - I'll outline each of them.

Sell Your Current House, Then buy Your New Home

Pretty simple - get your house ready to sell, list you house, sell your house, then go find your new home.  But the timing is the thing you have be prepared for.  Here's what might happen and what you can do:

Your house sells immediately and you panic because you don't know where you'll go. 

1. You can ask for a longer escrow - to give you time to find your next home.

2. Ask for a rent back from the buyer to give yourself the time to find your next home. 

3. Go find your dream house the next day and ask for a concurrent close of escrow. 

4. Sell the damn house, store your stuff, and move in to something temporary until you find your next home. 

Buy Your New Home, Then Sell Your House

1. Make sure the financing will work - that you can qualify for a loan without selling your house.  And you can easily make the payments on both without going hungry.  For an indefinite time....

2. Go find the perfect new home and make an attractive offer.

3. Close on the new home and move in.

4. Hire Jill Cosby at Showhomes to stage your house and get it ready to sell quickly.

5. Sell your house!

There are a couple of twists and turns that might happen - but if you have a great Realtor on your team, you'll make all the right moves!

Be confident once you decide that a move to buy a new home is the right thing for you!

Be the first to comment on this blog entry!

Leave a Comment