REAL ESTATE 101 - Selling Tips

If your are buying a new home and selling your current one, place your home on the market as far in advance as possible of purchasing a new one. Selling your home prior to purchasing a new on allows you greater flexibility in financing as well as the piece of mind of not having to worry about selling that home after you’ve moved into your new one. Depending on market conditions you may be better off selling your current home and renting until you find the right home for you. If you find a new home first and then try to sell your present home, you may wind up with two mortgages, and in a financial position that threatens both properties. A real estate agent may be able to provide you with advice on current market conditions, and the potential challenges you may face.

Also keep in mind that many events need to be coordinated when you sell and buy for example closing and moving dates have to be arranged. Put all agreements about dates in writing, and protect yourself by negotiating financial penalties for failure to comply. The firmer everyone commits to a window of dates and sticks to them, the better for all involved.

This information is intended as a guide for those interested in finding a real estate agent to assist them with the purchase or sale of a home. It is not intended to solicit services from those who have already signed listing agreements with a licensed Realtor or to act as legal advice. It is always best to take your questions to a licensed real estate professional in your local area. Find respected agents in your area at mostreferred.com. Most Referred Real Estate Agents® and REALTOR® are registered trademarks of their respective companies.