There are many opportunities available for buyers and sellers in different price ranges. As was stated by Carol, you need to find a lender that you are comfortable with. This is a very large investment both to you as a buyer and a seller. There are still opportunities to buy/sell a home with no money down. Also there are down payment assistance programs for qualified buyers. Since the mortgage business is in a constant state of change, I do suggest that you get your answers from a mortgage professional. I feel that I work with the best lenders so I would be happy to share names and companies for you to call if you wish. Feel free to contact me for any additional information........................chris
302-562-0628
patakirealestate@gmail.com

Can you please list what incentives you are interested in? If it's builders incentives, you need to REALLY look into the financial situation of the builder. Lot's of folks have bought from builders with too good to be true offers only to get stuck with all types of liens when the builder declares bankruptcy.

You can not be sure in this market what the final sale price of your home will be no matter what anyone may tell you. So hopefully, you are planning for the worst possible sale price before worring about the selling fees.

Not to be mean, but it sounds like you are streching your finances too far if you can't come up with more than a 5% down payment, especially with selling a home.

Hi Jessica, yes there are mortgages you can put 5% down. Plus you may want to consider FHA. I strongly suggest you talk to a loan officer about your options. There is no charge for that initially. As far as timing on selling your current home. First of all, we never know when the market is going to turn around until it turned around (if you get what I am trying to say!) Plus when it does turn, you on the buying side will face that as well. Prices will go up. Yes, you may get less than you hoped for when selling your home, but you will also reap the benefits when you buy a home. I have been been a professional realtor since 1992 and I have never seen builders so open to incentives and pricing as it is today. When I have taken my buyer clients to new homes, they are pleasantly surprised what the builders are offering. So, I would say, this is certainly a time to consider buying and selling. Good Luck and let me know if you need anything more.