Buying A Home
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selling 2 and buying 1

Hi All,

Just married 2 weeks ago and my husband and I need to sell our two houses and buy one BIG one for our "Brady Bunch". Any advice on which to do first, sell both or just one and get a bridge loan and how does that work??? 

Re: selling 2 and buying 1

  • I don't think bridge loans are common these days. I think you need to put both on the market and maybe rent for a while and then get a new place. Another option might be to rent once place, sell once place and then buy but it just depends on your local housing market and how your particular houses would do there.

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  • Could you get enough of a profit from selling one of the houses to use as the downpayment on the final house or do you need the profit from both?
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  • We were in this same situation.  We sold my house first since it had the most (really only) equity which we needed for the DP on the new place.  Then we bought a new place, and we put DH's house on the market after we moved out.  Unfortunately we were unable to sell it, but do have good renters in it right now.

     

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