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Results 1 to 5 of 5
  1. #1
    ken.8795 is offline Renter
    Join Date
    Jan 2010
    Posts
    1

    Question How to Sell/Buy Home?

    Hello,

    Our family currently owns a condo type unit, and interested in moving to a little bigger one, a townhouse I think they call it.

    It's priced a bit more than what my current home is worth, but I'm wondering how does one sell their existing home to use the money to purchase the new home?

    Or must one get a full loan and move out first?

    Appreciate any info/advise.

    Thanks!

    -Ken

  2. #2
    a.james is offline Renter
    Join Date
    Jan 2010
    Posts
    2

    Default

    Hi, When i was about to sell my house i contacted a property solutions company and they buy my house for cash. Selling your house to a property buying company means you have cash immediately available when you are ready to make an offer on a new home. This is far better than putting your house up for sale on the open market. It can save you both money and time and most importantly it can often be the only plausible and effective solution to any dramatic and urgent situation.

  3. #3
    markbrian's Avatar
    markbrian is offline Home Owner
    Join Date
    Aug 2008
    Location
    Anderson
    Posts
    595
    Blog Entries
    369

    Default

    You can do as a.james suggested and deal with someone wanting to buy your home quickly at a price that is well below market value.

    Or you could contact a local REALTOR and discuss the value of your home and how to get the best price for your home quickly with a trained licensed real estate professional working to protect your interests. Also you can discuss the value of the home you are interested in & learn about local market conditions and how the will affect possibly selling your current home and buying another home.

    I would suggest also contacting a local mortgage professional to see what is possible regarding getting financing, what rates they quote you etc. A good place to start is by calling your bank and see what they can do.

    It might be a great time to look at selling your current home and buying something bigger. OR it might not be a good idea, but only after talking with a local licensed experienced real estate agent will you be able to make an informed decision.

    Good luck and best wishes!
    Mark Brian Silver Star Real Estate
    Upstate South Carolina Real Estate

  4. #4
    Greg is offline Moderator
    Join Date
    Sep 2007
    Location
    Outer Banks
    Posts
    1,281

    Default

    Before you sell your place, find out what it is worth, how much money you will be left over with after it sells, how much a replacement unit will cost and can you afford the mortgage for the new unit.

    Like Mark said above, talk to some local agents and local mortgage brokers for the info.

  5. #5
    saferealty is offline Renter
    Join Date
    Jan 2010
    Posts
    3

    Default Thanks

    Hey thanks guys..
    All are really informative

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