When you are selling your home, it usually means that you have to buy a new home, which can be a delicate balance. To make sure that the buying and selling process is as smooth as possible, keep these tips in mind:
- Plan early. Planning the entire experience as early as possible can help ensure that you do not miss any important steps. Choose a real estate agency that has experience in your local area, as well as being experienced in both buying and selling homes.
- If you buy first, you will have to prove to your lender that you have enough money saved up to cover the down payment as well as the closing cost of your new home. You may also have to prove that your finances are stable enough to afford mortgage payments for both your new and old home.
- If you sell first, you will have the advantage of knowing exactly how much you can spend on your new home. You may also be able to write a rent-back clause into the sale agreement of your home which will allow you to rent your home for up to 60 days after closing.
For all of your home buying and selling needs throughout Northern San Diego, contact The Alan Shafran Group.