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Selling home questions
A&J
Posts: 1,825
Well, we are in the initial phases of considering selling our home and buying another one. Has anyone done this fairly recently? Any thoughts or considerations on the selling process? We've never been on the selling side of things before. We have spoken with our realtor and are moving forward with contacting our lender.
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Comments
If you have been in your home for a minimum of 5 years, preferably longer, and have a decent amount of equity you should do fine with the lower market values. You will also benefit when you consider you will (assumably) also be a buyer looking for the new home and the buyers market is fantastic right now.
It is a rollercoaster ride as always, but if you play the game well and have a good realtor you should do fine. Good luck!
October 2014
Good luck!!
Nina-- I'm kind of curious about owning two homes and renting one. This is something my realtor did mention to me to consider in our conversation today. The initial thought makes me very nervous. I could see some positives for sure, but negatives as well.
If I were you I'd try selling the home with a realtor and see how that goes. IF you have issues either not getting what you want/need for it price wise or it just doesn't sell then consider the rental option if moving to another house is truly an important step for you. I assume you are looking to maximize space and perhaps add a few other features you don't currently have by moving to a new home...I totally get it, we are doing the same. :-)
October 2014