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I’ll Make an Offer, But… Contingencies are a common occurrence in real estate transactions. They simply mean the sale and purchase of a house will only happen if certain conditions are met. The offer is made and accepted, but either party can bow out if those conditions aren’t satisfied. Most people think of contingencies as…

The Age-Old Dilemma The residential real estate process has an inherent flaw, at least for those without unlimited funds. In order for most to purchase your next house, you must sell your current home and pay off your existing mortgage first. So many homeowners wonder, “If I have a mortgage and want to buy another…

Are Bridge Loans The Answer? Considering a bridge loan? You may be if you’ve found your dream house and haven’t sold your existing one yet. Bridge loans “bridge” the gap between the sale of an existing property and the purchase of a new one. These types of loans are generally used when the market is…

What You Need to Know About Buying and Selling a House at the Same Time In a perfect world, real estate deals would be timed perfectly, enabling a buyer to sell their existing property just as they purchase a new property. This would prevent the hassles and stress that plague so many of these transactions.…

Types of Mortgage Loans Buying a new home before you’ve sold your current home may be out of the question if you can’t come up with the required down payment. Forking over the typical 20 percent down payment can be cost-prohibitive for many home buyers, particularly if you’re already paying a mortgage on your existing…

So, you want to move into a new home quickly but have to sell your existing home first? You’re in the same predicament as 43 percent of homeowners looking to move. It’s one of the reasons the home selling/buying process is considered one of life’s biggest stressors. There’s so much pressure to sell before you…

When Should You Buy? There’s a common question amongst potential home buyers: when is the best time to buy a home? The inevitable response from most is that spring is when the inventory is at its peak, giving buyers more options, and winter is when prices are somewhat lower, allowing buyers to get a discount.…

3 Pieces of Advice When Making an Offer on A House Buying a home is an exciting milestone, an investment, and often, a major stressor. The fun part is looking for a new home. The stress comes in when you are ready to make an offer. How much do you offer? What terms do you…

When homebuying funds are tied up in your current home, it can be difficult to feel free to search for your dream home. How will you find the cash for a down payment? How will your offer compete with others in your area? And what are your options as you watch ideal home after ideal…

Your old home seems too cramped, and you’ve been surfing local listings. You’re imagining moving into something bigger, different, or closer to hot spots…but if your cash is tied up in your current home, where’s your down payment money coming from? When you don’t have tens of thousands of spare dollars sitting around, what are…