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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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What is considered one of the key elements of the American dream?
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Home ownership is considered to a key to the American dream; more than 2 million first-time buyers bought property last year. |
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Yvette Barton
Vanguard Realty, Inc.
9700 Dear Lake Court Suite 2
Jacksonville, FL 32246
904-716-6044
Fax: 904-379-1633
yvette@yvettebarton.com
My number one goal is to make buying or selling your home a pleasurable experience! While I have the credentials and experience to back it up, the testimonies of my past clients say it all. Let me help you today!   
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