Buying A Home
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Buying and Selling at the same time?

H and I want to sell the house we currently live in. H bought this house before we ever even started dating. We just got married and decided it's time to get rid of this house and start looking for a new one. I have some anxiety doing this all at once. I am worried no one will buy the house we live in now. What if we fall in love with a new house and can't sell our current one? Or what if we sell the current one and have no where to live? I feel like there are so many more factors when buying and selling. Has anyone ever gone through this?
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Re: Buying and Selling at the same time?

  • It's really up to you and how you want to go about this.  Can you afford to carry both mortgages/taxes/utilities at the same time? If yes, then you can buy whenever and if not, you need to sell first.

     We did not want 2 houses so we put ours up for sale. We kept our eye on the market and occasionally looked at homes. After several months, we got an offer and then busted our butt to find a home.  The timing worked out for us but you could always live with family or in a short term apartment between homes if it doesn't work out.  My coworker is moving in with her inlaws because they have to be out of their old house a month before going to the new house. 

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  • We had this same concern.  We decided to list our home and received 4 offers the first day.  We started to look at houses like crazy and couldn't find anything that we liked and decided to build.  Our house closed at the end of August and the new build won't be done until February-ish.  We found an apartment that offered a month to month lease and put everything we wouldn't absolutely need into a POD that will be delivered to the new house when it is done.  It isn't ideal, but it works for the short term.

    If it had been a matter of a few weeks between the close of one house and the other we would have stayed with DH's parents but this is a much longer time frame so we didn't want to impose on them.

  • imageforcuatro:

    We had this same concern.  We decided to list our home and received 4 offers the first day.  We started to look at houses like crazy and couldn't find anything that we liked and decided to build.  Our house closed at the end of August and the new build won't be done until February-ish.  We found an apartment that offered a month to month lease and put everything we wouldn't absolutely need into a POD that will be delivered to the new house when it is done.  It isn't ideal, but it works for the short term.

    If it had been a matter of a few weeks between the close of one house and the other we would have stayed with DH's parents but this is a much longer time frame so we didn't want to impose on them.

    That's kind of what we're doing too.  We close at the end of October.  We haven't loved any of the houses are on the market in the area we live in, so we're planning on building.   

  • I was selling two properties while buying our current home. I ended up closing on our new house prior to selling either of the other two. Thankfully our other house sold within a month, but it is a gamble I wouldn't recommend or do again. We are still trying to sell our condo and have been for a very long time. I would concentrate on selling prior to buying because you will have a lot more options.
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  • Though I haven't been through this, I have a few friends who have. Each one of them, when buying a home, wrote it into the contract that the offer was contingent upon their current house selling. So basically if they couldn't get it to sell, they weren't obligated to buy. Now, you'd need a seller who was OK with that, but for them, it did work out.


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  • I know this thread is a few days old, but since I just went through this I wanted to chime in.  For us, the biggest issue was downpayment.  This may not be the case for you,  but for us we needed the equity out of our previous home to put down on the new home.  So we had to either sell our home first or get a bridge loan for the down payment on a new house until we sold our old house.  That is something you will need to consider which is aside from possibly carrying 2 mortgages and utilities, etc.  Having gone the bridge loan route to buy a new home before selling our old home, I would recommend selling your home first and living in a condo or with family/friends, if necessary, before moving into a new house.  I think that would have been WAY easier and less stressful than what we are wrapping up now!
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  • Home selling is really a tough task which should handle by an expert, you should hire a real estate agent who is responsible for all types problems. A real estate agent can also find a better home within your budget.
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