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Warren County Ohio Real Estate News and Observations

Should I Buy My Next Home Before Selling My Home?

decisions decisions decisionsWhen inventory is low or you have a very particular set of needs for your next home, it may make sense to lock down your next place to live before selling your current home.

Of course there are a few factors to consider:

  • Financing is of course critical.  If you don't have the financial capability to carry two mortgage payments, it's a moot point to think about buying your next home.  You've got to sell to buy, so you either a) arrange for temporary housing if there are no good matches when your home sells  b) scramble to find a home that matches when your own home is under contract c) hope to find a seller willing to take a contingent offer on the sale of your own home
  • Your tolerance for financial risk.  What happens if your home doesn't sell quickly?  How many months can you handle owning two homes and all that comes with it?  Utility bills, lawn care, insurance, the need to keep an eye on two homes, etc.
  • Your tolerance to stress.  Some people have a high tolerance and it's not a big deal.  Others start to break out into a cold sweat shortly after purchasing their new home.  Not long after the listing agent can expect more and more pressure to get their home sold NOW!!!!

Before making the decision, it's good to have some expert guidance on what to expect.  How easily SHOULD we be able to find your next home?  And what should we expect when marketing your current home?  How long to get under contract?  How much?  What's the worst case scenario?

Ready to figure it all out?  We're easy to reach at 513-520-5305 or email Liz@LizSpear.com.

Serving Warren County area home buyers and sellers,

Liz and Bill aka BLiz

 

Serving Warren County Ohio & Adjacent Areas


The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS

William (Bill) Spear, CRS
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Direct:  513-520-5305
Direct #2: 513-265-3004     
Fax: 866-302-8418

MailTo:  LizSpear@Go-Concepts.com

Search Homes:  Http://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 5 commentsLiz and Bill Spear • August 22 2016 05:26PM
Should I Buy My Next Home Before Selling My Home?
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