Comments on: Sell Then Buy

By: Money Hacks Carnival #60: The File Your Tax Return Edition

Money Hacks Carnival #60: The File Your Tax Return Edition — Wed, 15 Apr 2009 16:28:05 +0000

[...] presents Sell Then Buy posted at Free From Broke, saying, “With the way the economy is we are making sure to sell [...]

By: ffb

ffb — Wed, 08 Apr 2009 16:22:41 +0000

@ Miranda – You don’t necessarily have to buy first. You could rent and then you don’t have two potential mortgages going on at once. But yeas there are situations where you can buy first but I think there’s compelling reasons to sell first for the average person.

@ PT – Exactly! That’s why we haven’t been seriously looking yet. We don’t want to find what we think is the perfect house before our current place is taken care of. Emotions have a way of skewing your reason.

@ Tessie – With a fully paid house the situation does change a bit. You’re not stuck with the same liability. Ours is fully paid but we would still be stuck with maintenance costs which could add up quick!

By: ffb

ffb — Wed, 08 Apr 2009 16:17:11 +0000

@ Abigail – There can certainly be situations where you could buy a house first. But you are right, you just don’t know what will happen even in good markets. And renting can really help get a feel for the neighborhood you like.

@ TStrump – Nice to hear that you price doubled! With cash in pocket you are definitely in the driver’s seat.

By: ffb

ffb — Wed, 08 Apr 2009 16:09:20 +0000

@ Sheila – That sounds horrible! But things like that can happen and then you have two locations to take care of. Thanks for sharing your experience!

By: -> Monday Morning PF Blogosphere Roundup: Don’t Forget To Vote! | Bible Money Matters

Mon, 06 Apr 2009 16:52:05 +0000

[...] Freefrombroke.com talks about why you should sell your house before buying a new one. He makes some great points, you can read them here. [...]

By: Sheila

Sheila — Mon, 06 Apr 2009 16:49:22 +0000

You should definitely sell and close before you buy. We had a contract on our house for sale and bought another house. Unbelievably (and sadly), the buyer of our house got sick and died during the month before closing. We ended up owning two houses for 5 months. It was awful all round. We will NEVER do that again.

By: ABCs of Investing

ABCs of Investing — Mon, 06 Apr 2009 03:14:28 +0000

[...] Free From Broke explains why he is selling his house before buying another. [...]

By: QuickHits: Beautiful Spring Day Edition | Prime Time Money

QuickHits: Beautiful Spring Day Edition | Prime Time Money — Sun, 05 Apr 2009 18:41:21 +0000

[...] Sell Your Home BEFORE You Buy Another [...]

By: The Strump

The Strump — Sun, 05 Apr 2009 04:13:23 +0000

Saturday Linkstuff, You’re Doing It Again?, Edition…

A friend of mine, a while ago, said he liked reading my blog … except for the weekly links posts I do! When I asked him why, he said, ‘there’s no way I’m going to check out all those links. It’s a pain.’ I thought to myself, you’re missing out …

By: TStrump

TStrump — Sun, 05 Apr 2009 03:21:24 +0000

Definitely a great idea to sell first.
It really puts you in the driver’s seat with regards to buying your new home – you can take your time.
I sold my condo (before the market took off) and it was 6 months before I got an offer. Had I purchased another place (which I didn’t) I would have been screwed.
(Oh, the price did double for the new owners)

TStrump’s last blog post..Do It Yourself Investing – Taking the Plunge