Prudential Olympia, REALTORS offers advanced real estate information, including MLS listings of homes and land for sale in Thurston County and Western Washington. Should you sell your old home before you buy your new home, or the other way around? Our advanced real estate experts can help advise you on this and other important realty issues. Buying a home first can have its advantages, especially if the home is that special find that may happen only once in a lifetime. A small percentage of buyers will have sufficient independent funds available or be able to qualify to purchase a new home without selling their present home. But most buyers will need the equity from their present property to use as a down payment on the new home. They will usually be most comfortable making an offer on the new home if they already have a buyer and a firm closing date for their present home. An offer contingent on closing the sale of your present home is much more appealing to a seller than an offer which is contingent on selling a property for which you do not yet have a buyer.
On the downside, you could end up with two houses. To pursue a buy-first
scenario, many people use their home equity line of credit as a "bridge" loan
to provide funds for the new down payment. However, to qualify, homeowners
generally need a sizeable income. Even if you qualify, the stress of owing
on three mortgages (the old mortgage, the bridge loan and the new home mortgage)
might force you to sell your home at a price lower than you hoped. Keep in
mind that market conditions change, so you don’t really know how much
you’ll get for your present home until it’s sold. If your home
doesn’t sell by the time you are ready to close your new purchase,
you might want to consider renting it if you can still qualify for the loan.
Our company will search high and low to find the perfect
home for you in no time at all. We will also try our best to find the best
buyers in case you are on the buying end of the business. We are
even willing to throw
in necessary information when it comes to the renovations and improvements
you need to complete in order to raise your property’s value to the
maximum cost. Together with this service, we also offer you a relocation
assistance program
which can make moving on to the next home and out of the one you sold a lot
easier.
Advanced Real Estate is
your source for information on homes and land in
Thurston County. We
have
delivered
high
quality
homes
to
our
clients.
We
have
also provided insurmountable amounts of money to the people who have entrusted
us
to sell their
homes. Be
one of those we have helped in their real estate dealings. We assure you that
our efforts will always result to your easier tasks and less responsibilities
for you. This is an opportunity you should never miss. Please contact us at
once. The sooner you reach us, the sooner you can claim the fruitful
realty venture we have in store for you.