It can be a difficult act to juggle selling your current house and buying a new house at the same time. In a perfect world, you'd sell your current house first before you buy a new one, but the fast-paced nature of today's real estate market can make this difficult.
Still, there are options to help you navigate this tricky transition, and if your Realtor knows your needs, he or she can help you decide which tactics are in your best interest.
Buying with a sale and settlement contingency
A sale and settlement contingency works along the lines of: "My offer for the new house is only good when I have sold my current house."
Because your offer will only be valid if you are able to sell your current home, sellers can sometimes be unreceptive to this type of dea, parti...
Your front yard and porch are the first things people see when they come to your home. When you are planning to sell, it's essential to present your home in its very best light and make a great first impression. Thankfully, you've already got something going for you: the beautiful Roanoke Valley spring! In addition, a few inexpensive upgrades can do wonders for the front of your home, giving it a warm and welcoming appeal for potential buyers and their agents.
1. Keep grass mowed, seed any bare spots, and clean up uneven lawn edges along walkways, shrubs, gardens and trees.
When you put your home on the market, you need to get the price just right. If you price your home too low, you will be flooded with offers, but you will be giving up thousands of dollars in potential profit. If you price your home too high, you could score a profitable sale — or you could watch your home sit unsold for months.
If you've listed your home but it's not selling, talk to your listing agent about the price. These are some signs the current list price...
Are you getting your home ready for the spring market? It's going to be a busy season in Roanoke and the surrounding areas, so give me a call if you if you're ready to list and I'll get you all set.
In the meantime, to sell as quickly as possible for the best price, make your home as welcoming to potential homebuyers as possible. To make the most of your time and budget, start by eliminating problems that will send nearly any potential buyer running for the hills.
Poor c...
A home purchase could be the largest single financial transaction you carry out in your life. So, it's important to understand all the costs associated with it.
Lenders are required by federal law to issue a Closing Disclosure at least three business days before your scheduled closing date. Those days are meant to be a time to review your closing costs line by line and ask questions if something doesn't make sense.
You, as the buyer, are typically responsible for the bulk of the closing co...
