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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. On the other hand, 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 real estate agent for some professional advice before you begin your search. It will probably be necessary to be flexible on the closing date, because it can be easier to find a home that you want to buy than to sell your present home. After finding the house you want, you can ask the lender about arranging a short-term bridge loan that can make the purchase possible before you sell your current residence.
Melissa Oliver and The O Team PMZ Real Estate 424 South Washington Street Sonora, CA 95370 Office Telephone: 209-694-8781 Melissa's Cell: 209-559-0682 Team Line: 209--352-3540 Team Line: 209-352-3240 Fax: 866-257-5645 Email: melissao@melissao.com
Melissa Oliver and The O Team bring you several years of qualified experience in the Sierra Foothills of Tuolumne County. Melissa Oliver, Broker Associate, is a Certified Residential Specialist®, one of the highest designated certifications offered by the National Association of Realtors. She also holds a GRI (Graduate Realtor Institute) and the RRS (Resort and Recreation Designation) to better help her client's in all areas of their transactions. She specializes in the Tuolumne County area and also services the Calaveras County area. Melissa has expertise in residential, land, ranches, vacation, second home and 1031 exchange properties.
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Tuolumne County, Sonora and Twain Harte, California
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