Highlands NC Real Estate, Buying Before Selling
Buying before selling is a scenario that happens from time to time with Highlands NC real estate transactions. Whether this is a good idea is completely dependent on the individual situation. There are times when people are looking for a bigger property, a smaller, property, or a homier a different community and the right one comes along before the current one is sold. Your Highlands REALTOR can walk you through your scenario and help you determine what makes sense for you at the time.
When you have not sold your Highlands NC property but have found one you feel is perfect, there are options. The initial offer to purchase the new home can include a contingency related to selling the current home. If this is not accepted by the seller and you are 100% set on buying the home you can make an offer without the contingency.
Of course buying one home prior to selling the other can be tough if finances matter. If you are a cash buyer there will not be a problem. If you require a mortgage it could be more complicated. Have your Highlands NC REALTOR connect you with a reputable local lender to discuss whether financing two times is a possibility.
Contact me, Lynn Kimball, today to learn more about buying homes in Highlands NC. I welcome the opportunity to get you up to speed on market conditions while getting you started on your property search. Let my 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.