Why Buy First?
Because selling first can create a miserable question:
“Where do I live if I haven't found my next house?”
Buying first may allow:
- More deliberate home search
- Easier move
- Time to prepare old home
- Less pressure to accept wrong property
The Challenge
You may need to qualify while still carrying your existing mortgage.
Possible strategies include:
- Cash reserves
- Bridge loan
- HELOC
- Home equity loan
- Home-sale contingency
- Coordinated closing
- Other lender-approved programs
Don't Decide in Isolation
Your lender needs to evaluate financing.
Lisa needs to evaluate the real estate market.
If your existing home is likely to sell quickly, your strategy may be different from someone whose property could require months.
How Lisa Helps
Lisa can create a two-property plan:
Your current home
- Value
- Preparation
- Listing timing
- Expected net
Your next home
- Search
- Offer timing
- Financing
- Closing
Want to move without selling first and scrambling later? Ask Lisa to map both transactions before you list.
No strategy is guaranteed to qualify: lenders evaluate income, debt, equity, property and current underwriting requirements. Lisa is a REALTOR® who models both sides of your move; your lender determines approval.
