Buying A Home And Selling A Home At The Same Time » Mortgage Masters Group

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Buying and selling a home at the same time can be more complex and challenging than doing just one transaction, but with the proper planning it can be successful. Understanding the steps and being proactive can make the transition much easier. The first step is finding a qualified, experienced real estate agent.

One traditional trick of buying and selling a home at the same time is the contract contingency. When you make an offer on your new home, you can make the purchase contingent (or dependent) on the sale of your current home. While the contingency protects you from having to pay on two mortgages, it can be a risky play in a strong seller’s market.

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When you are buying a home, you work with our Buyer Specialists. When you are selling a home, you work with our Seller Specialists and our Marketing Professionals (two of whom hold masters degrees). Why They Can’t Do What We Do. This specialization allows us to pool our budgets and focus our time on serving you, and the results are getting noticed.

Selling a Home with More Than One Mortgage Selling a home with two mortgages is very similar to selling a house with one. However, to make your sure you make your home sale a regular sale, as opposed to a short sale, your home must be worth more than the total of the mortgages. To [.]

Selling. percent in the same period. Now, Suniga is buying the renovated place for $150,000 with a loan from the Blackstone-owned Finance of America Mortgage LLC. A bankruptcy from more than a.

As this group continues to secure gainful employment and decides it’s time to enter the home ownership stage of life, their buying power will be significant and impactful. Research suggests that millennials have chosen to live at home with parents longer than previous generations.

Solutions for selling and buying at the same time in a seller’s market. If a buyer was ever going to wait another 30 or 60 days to close, a seller’s market is that time. The risk to you is if the buyer does not close, you could still be obligated to close on the home you are buying.

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How to negotiate the best deal when buying a house When you’re buying your dream home, these tactics can help you score the best deal.