Should You Risk It All and Buy Your Dream Home First or Play it Safe and Sell Your Current Home First?
Welcome back to our Home Seller Video Series! If you’re considering selling your home, you’ve embarked on a journey that’s not just about the bricks and mortar but also the dreams, aspirations, and emotions tied to your current space. In this episode, you will learn about the biggest Real Estate Dilemma, whether to Buy your Dream Home first or Sell your Current Home first.
The Ultimate Real Estate Dilemma
Purchasing before selling offers flexibility. You can take your time to find the perfect home without feeling rushed. You can move seamlessly into your new space without the need for temporary accommodations. However, it may involve carrying two mortgages which can be a financial burden. Assess your ability to handle mortgage payments, property taxes, insurance, and maintenance expenses for both homes.
Selling before buying provides greater financial stability. You’ll have a clear picture of the proceeds from the sale of your home to plan your budget for your new home. There will be no worries about juggling two mortgages, but the option may involve finding temporary accommodations and storage. And there’s a risk of a time gap between selling and finding a new home in a competitive market.
We can help you assess the current market conditions and advise on the best strategy for your unique situation. We’ll help you navigate the complexities of buying and selling, ensuring a smooth transition.
To discuss your individual situation, let’s set up an investigative 5-minute conversation. Call the number below or text us. There’s no cost or obligation.
Stay tuned for the next video in our Home Seller Series
Don’t keep this info to yourself! Please share this series with people you know that are thinking of selling their home or could benefit from these tips.
