Buying a new home is stressful, especially when you have to sell your current home first.
One question I’ve been getting asked a lot is, “I want to buy another house, but I need to sell my current one first. What should I do?”
This is actually a situation that I’ve been helping a lot of people out with over the years. The first thing we’ll want to do is find out what your current home is worth. We’ll take a look at its condition, then compare it to other homes on the market that are similar. Once we come up with a realistic price, we’ll determine what you’ll net after expenses.
Based on that net, a mortgage lender will be able to determine many things, including how much you’ll need to put down on the new home and what your monthly payments will be. In