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11-12-2010, 08:47 AM #1
Renter
- Join Date
- Nov 2010
- Posts
- 1
Buying new home before selling old home - financing options
Hello,
We are going to be relocating from Boulder, CO to Boise, ID. The real estate prices in Boise are much lower than they are in Boulder and we would like to try to buy a house outright (no mortgage) in Boise. We would like to buy a ~$140k-$160k house in Boise, will be asking $260k for our house in Bldr on which we owe ~$150k. We have up to $80k additional to put into the new place. My question is, if our old house has not yet sold and we would like to buy a new house, what are our options to cover the additional $60k-$80k that we will need to buy the new house? I looked into a bridge loan but that seems pretty pricey. Ive heard that home equity loans are an option but not if your home is on the market already. Anything else?
Thanks in advance.
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11-12-2010, 09:15 AM #2
Internet Marketing Consultant
- Join Date
- Jan 2005
- Location
- San Diego, California
- Posts
- 391
- Blog Entries
- 9
Realtor Referrer in Boise
Hi,
I am the owner of this forum and I have a client in Boise who might be able to assist you. Check out his website and if you like what you see, give him a call. His name is Adam Levanger and the website is http://www.idahosummitrealestate.com/.
Tell him Martin from Site Tutor Recommended Him.
Good Luck.Offering Real Estate Web Design and Real Estate Marketing Services. We also offer a Real Estate Directory, and Single Property Websites. View my Internet Marketing Resume.
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