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Real Estate Contracts >Selling Before Buying

Timing can sometimes be difficult if you have to sell a home before you can buy another one. Most people need the equity from the sale of their first home for the down payment on the new house. If your present home goes on the market first, you may be concerned that it will sell before you find the one you want to buy. On the other hand, if you find the perfect home before your present home is under contract, the sellers may be reluctant to accept your offer, and you may be too nervous to sign a contract.

It is a good idea to sit down with a good real estate agent for some professional advice before you begin your search. It will probably be necessary to be flexible on the closing date, because it can be easier to find a home that you want to buy than to sell your present home. After finding the house you want, you can ask the lender about arranging a short-term bridge loan that can make the purchase possible before you sell your current residence.

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Q	What real estate board game became the best-selling game in America just one year after it was created?
A	Charles B. Darrow invented Monopoly in 1934, to cheer himself up while unemployed during the Great Depression. Monopoly is now the most popular board game in the world and has sold over 200 million copies.
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Joe Fagiolo, REALTORŽ, real estate agent and broker for Annapolis, Crofton and Severna Park, Maryland home listings, property and land for sale

Joe Fagiolo
Keller Williams Select Realtors
#7 Old Solomans Island Road
Annapolis, MD 21401
Direct: 410-320-6428
Home Office: 443-951-1449
Main Office: 410-972-4000
Fax: 443-647-0689
Email: jfagiolo@kw.com
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