Are you planning on selling and buying a home? There are many ways to approach this strategically with regard to making an offer on the home you want, and how to go about listing your home for sale.
Selling and Buying a Home – Do You Need a Home Sale Contingency?
When selling and buying a home, the most important thing to find out from your lender right away is whether or not you have to sell your home in order to qualify for a new home that you’re buying. This will depend on how much cash you have on hand for a down payment on the home you’re buying, as well as what your debt-to-income ratio looks like. If you can’t qualify for both mortgages, you’ll need to discuss a strategy with your real estate agent, since this will mean that you’ll have to use a home sale contingency with any offer you make on a new property.
Are you thinking of selling and buying a home in Northern Virginia in the next 12 months? Email me at DarrenRobertsonHomes@gmail.com so we can discuss the options that are available to you. I’d also be happy to do an in-depth analysis of your home’s value. This will maximize your chances of getting top dollar for the home you have now.