Highlands NC Real Estate, Can You Buy Before You Sell?
Meadows Mountain Realty, Highlands NC real estate
A frequent question for buyers of Highlands NC real estate is, can you buy before you sell? The simple answer is yes. However, yes can be a complicated answer. Unless a buyer has ample capital there are some decisions to be made in order to make buying before selling a smooth endeavor. Having an experienced Highlands NC REALTOR on your side can help offer knowledge and advice that will prove helpful.
Smart steps
When a homeowner is wanting to sell a home in order to buy a different one it is important to realize that there is no control over timing. As such, when you start the process of looking for a home you have to recognize that if you find a home you want to buy it can be more complicated and perhaps stressful than you expected. Knowledge is power and understanding your options can help make smart steps toward buying a new home when another has not yet been sold.
Contracts and loans
When putting a Highlands NC home for sale under contract it is wise to add a contingency related to selling your current home. This could involve a time period, meaning that you will have an exit from the purchase contract if your home is not under contract within a set amount of time. While this is not attractive to sellers it is not necessarily a deal killer. Additionally, you could look at a bridge loan that will allow you to purchase the new home before selling the old one. Understanding the market and your options will help you make the right decision for you.
Learn more about Highlands NC real estate
Contact our team at Berkshire Hathaway HomeServices Meadows Mountain Realty today to learn more about buying and selling Highlands NC homes. We welcome the opportunity to update you on the market while answering all of your questions. Let our knowledge and experience serve as your guide to Highlands NC real estate.
Click here to read “Does It Makes Sense To Buy A New House Before Selling The Old One?” from Realty Times.