Our home is paid for, want to buy a home in another state. but have to sell this one to pay cash for the

Eddy B
Home Seller
Burleson, TX

other. if we can't sell this one fast enough will loose the other anyone have any ideas!

Answers (3)
Larry Hermann
Broker
Troy, MI

You could get an equity loan on your current home and take out a short term
mortgage on the future one. When your current home sells payoff the
second home. It would help to know what time frames you are working
with to give the best advice.
Homes are selling. By marketing your home at a price that will
attract buyers would make the home sell fast.

L. H.

Tue Jul 28 2009, 20:36
Susanna Kunkel
Agent
Kauai County, HI

Aloha Eddy,
Have you thought about just leveraging your existing home? You could possibly pull out some equity within a short timeframe and then use the cash to negotiate on your next purchase. That would put you in a stronger position as a buyer. And you could then sell when it makes the best sense for you and your family. It's worth talking to a good local lender to see what your refinance options are. You've done a great job paying off your existing home. Now it's time to leverage that success to your best benefit!
Good luck!
Susanna Kunkel, RA
Serving the island of Kauai

Tue Jul 28 2009, 19:53
Mary Lockman
Broker
Winthrop, WA
FIRST ANSWER

An agent once had a strategy that suggested you actually advertize just what you are saying MUST SELL MOTIVATED SELLER, Will Loose Contingent Property if Home does not sell. Something on that line might capture attention. The number one factor in all sales is price.

Tue Jul 28 2009, 19:23

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