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Green Your Home - Find more info here... Real Estate Trivia - Jill Smith's collection of real estate trivia questions and answers that include real estate topics such as the most expensive home, largest swimming pool, and more. Go to Main Sitemap - Main sitemap sections include Find Chatham, Harding and Madison Homes, For Home Buyers, For Home Sellers, Chatham, Harding and Madison Information, Real Estate Resources, and About Jill Smith.
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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 |
Who is considered the world's most renowned living architect?
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| A |
I.M. Pei who retired in 1991; he earned this status after designing the glass pyramid entrance pavilion to the Louvre in Paris (1989). |
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