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Sell or Buy First?
You are basically in a dilemma situation.
Should you wait for the right home to come on the market before putting your current home up for sale or should you sell first and then go out and find what you want?
If you sell first:
You will know how much cash you have, more negotiable power, and can shop around. And the cons
is that if the right home is not currently on the market when you finally sell, and nothing comes up before your closing date, you may have to find alternative accommodation until something appropriate comes along.
How would you and your family react to the stress of having to rent for an unknown period of time?
If you buy first:
Buying first ensures you do not miss out on the perfect opportunity of the perfect house come up or an underpricing price grab your attention.
And the cons is that If your current home does not sell quickly enough you may end up having to finance both homes and carry the extra debt until you do sell.
Also you might run into a tie budget, not able to afford it.
How would you react to the stress of owning two homes at once? Do you have the financial
reserve to do this?
"Contact Me For Questions Regarding What Position
Should You Take, Call Richard Today!"
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