Already Have a Home?
Buying a new home and selling an existing home at the same time can be challenging on its own. But with planning, you can ensure everything goes smoothly.
Before putting your house on the market or sigining a contract to purchase a new one, take a look at the prices of houses in the areas where you'll be both selling and buying. You'll need a realistic idea of sales prices for similar houses so you can assess both your buying and selling position.
What if you're unable to time the sale of one house with the purchase of another? You may be without a home for a period of time, in which case you'll need money in the bank and a temporary place to live. Or, you may own two houses at once. That's why it's important to have a back-up plan. Here are some options to consider:
- Research short-term rental and storage options (family, friends, extended stay hotels, corporate apartment homes, storage facilities).
The information provide above is personal commentary and should not be taken as fact. The Texas Real Estate Commission who licenses Texas real estate agents is very clear about informing clients that even as Texas Realtors, we are licensed as real estate salesmen and are: not Texas licensed attorneys giving any legal advice or binding legal information; not Texas licensed home inspectors, not appraisers, not surveyors, not loan officers, bankers or underwriters and are not title company representatives.