Traski, given the market conditions, and your desire to sell your home, it is strongly suggested that you secure a contract on your present home first before purchasing another one.
Going through the pre approval mortgage process can occur at any time. This process will allow you to see your credit, income and assets through the eyes of a lender. Sometimes this view will quickly provide you with areas that need improving to secure a mortgage loan.
Yes the home inventory is low, however, before you are responsible for two mortgages, best to seriously consider working on selling your property first.
Brock Realty Inc.
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