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Sell your house first before buying another one

Rajesh Bunty (4 months ago) - Russell, ON
(3 people answered this question)
  • Realtor Pro   (4 months ago)

    In general we need the proceeds from the sale of your house to pay for the new house. Usually the two actions take place similtaniously. There are conditions you can place into an agreement of purchase and sale that make it safe to buy a place while still marketing your home. That being said, it is much easier if your home is already sold prior to purchasing as you can give a much firmer offer and will have more negotiation strength if your house is already sold. I hope this helps, please feel free to contact me if you need any more clairification or advice apatterson@sutton.com

     
  • Realtor Pro   (4 months ago)
    http://www.listwithgowest.com/ Richard Sobolewski

    This is probably the best way, but it also depends upon the location of your house: some areas are pretty hot and houses sell right-away; and to find one, it takes some time too. Usually the whole process is done ate the same time: the best is to talk to your Realtor and talk about the strategy. Good luck!

     
  • Realtor Pro   (3 months ago)

    I believe all depends different factors:the house market, the location,the condition of the house, inventory and the season. All has to be balance, because if theres is too much inventory...then price is a factor, if the house is bad condition then take longer to sell...again price, if bad location or winter vs summer..... Always, I take into account these factors and set up a plan for 2 -4 months to list the property with plan A,B, C...and ensure maximum price for the clients.

     
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