Home Buyer Dilemma
Frequently I will have clients contact me and say they are ready to go out and start looking at homes in the Greenville area. We talk and I gather information and find out they have a home to sell before they can purchase their new home but they want to find the perfect home before listing their's. It is understandable that they do not want to get their home sold unless they know where they will be moving. In real estate we call this the Home Buyer "Catch 22".
The solution is actually quite simple. If you can't afford to own 2 homes at the same time then you must get your current home sold before buying. In a perfect world, you will get your current home under contract, find your new home then close on both of them on the same day. However you must be prepared for the possibility that you might have to live somewhere temporarily if there is a gap between the two transactions. A home is a large investment and most American's live in their homes for an average of 5 years so a little short term pain is worth the end result.
Asking the right questions and recommending a game plan is just part of what I offer my clients when I represent them as their Buyer's Agent. If you are considering a move to the Greenville area, please contact me so we can work together to find the home of your dreams.
Category: Greenville SC Real Estate
Date: Friday, September, 5th 2008 @ 10:58:33 AM
Views: 427
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