When it comes to buying a home, buyers try to engineer the ultimate balancing act of buying the new one first, THEN putting the current one up on the market before the ink is even dry on the purchase contract.
The object—and expectation—is to find that perfect home, then to put the old one on the market in the hope of selling it in the treasured but increasingly mythical simultaneous closing.
Just playing it out in your mind is exhausting, but making it actually happen is a truly massive undertaking. What would make anyone think that such an effort is worth trying?
Fear! Fear that you might not be able to find the right home after selling your current home. Fear of being homeless. Fear of temporary housing. Fear of the dreaded “double move” (moving from the old home to temporary housing, then again to the new home).
Those fears may be legitimate at some level, but there are even greater causes for concern if you plan to buy before selling. Here are eight of them…Continue Reading