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Real Estate Contracts >Selling Before Buying

Timing can sometimes be difficult if you have to sell a home before you can buy another one. Most people need the equity from the sale of their first home for the down payment on the new house. If your present home goes on the market first, you may be concerned that it will sell before you find the one you want to buy. On the other hand, if you find the perfect home before your present home is under contract, the sellers may be reluctant to accept your offer, and you may be too nervous to sign a contract.

It is a good idea to sit down with a good real estate agent for some professional advice before you begin your search. It will probably be necessary to be flexible on the closing date, because it can be easier to find a home that you want to buy than to sell your present home. After finding the house you want, you can ask the lender about arranging a short-term bridge loan that can make the purchase possible before you sell your current residence.

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Q	What is the average age range of a second-home buyer in the United States?
A	Currently, second-home buyers in America are most often between 41 and 44 years of age.
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Sara and Charles Hemmerdinger, REALTORŽ, real estate agents and broker for Westport, Wilton and Weston Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Sara and Charles Hemmerdinger
Prudential CT Realty
272 Post Road East
Westport, CT. 06880
203-429-1069
800-462-ROCK
Fax: 203-222-1741
Email: SaraandCharles@NUMBER1EXPERT.com
Sara and Charles, long time residents of Westport, specialize in marketing and selling homes in Westport, Weston, Wilton, Norwalk, Fairfield, and all of Coastal Fairfield County. Working together as an award-winning team since 1992, Sara and Charles go the extra mile in service, each step along the way. Call them today! Prudential Connecticut Realty is an independently owned and operated member of The Prudential Real Estate Affiliates Inc., and Prudential is a service mark of The Prudential Insurance Company of America.

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