Lenore Sidor…, Other/Just Looking in Cassopolis, MI

Should we put our house in Indiana on market and then look for new house Or should we have one in mind in Florida? We do know what area we want .

Asked by Lenore Sidorowicz, Cassopolis, MI Sat Jun 14, 2014

Help the community by answering this question:

+ web reference
Web reference:

Answers

7
Murphy Team, Agent, Portland, ME
Mon Sep 22, 2014
Usually best to put the proverbial horse before the cart. Put your house up for sale and secure a Purchase and Sale which does not require the buyer to sell their property. Once you are firmly under contract, then you are free to search current listings in the area you choose. When you find the place you like, make the offer (still subject to the sale of your property) but with the seller knowing that you have a closing date on your home and the buyers have secured financing and are through their building inspections.

An even more secure way to move forward is to have your actual closing on your home and taking a short-term rental in the community you want to live in. This wil allow you to make an offer with minimum contingenciey.
0 votes
Randy and Vi…, Agent, Punta Gorda, FL
Mon Sep 22, 2014
It is going to depend on your personal finances. If you are in a position where you can afford 2 homes, by all means start the buying process now because the prices in this area of Florida are increasing. But if you are not able to hold 2 properties at the same time, you will have very few options other than to sell or re-fi your current home 1st.
0 votes
Bill Eckler, Agent, Venice, FL
Sun Sep 21, 2014
Smart but indecisive buyers will sell their present home and rent without a lease agreement for several months while the determine the area and home they wish to target. I will say that you are "on the mark" targeting the Venice area. There's no other quite like it!

Just keeping it real!

Bill
0 votes
Tammy Hayes, Agent, Port Charlotte, FL
Sun Jun 15, 2014
If you are using the money from the sale of your home in Indiana, then you will need to sell it first. Most sellers down here will not accept a contingency on the sale of another home. Some will consider it if you have an accepted offer on your home with no contingencies on that home. It doesn't hurt to look ahead of time to see where you want to live in Venice or other areas of Florida. I can send you some listings from the MLS to begin reviewing. It helps to keep an eye on the market and narrow down your choices before making a visit to see homes. You can also search my web page at: http://www.tammyhayes.remaxagent.com/

Tammy Hayes, Realtor
Re/Max Palm Realty
tammyhayesre@gmail.com
941-276-6185
0 votes
Ann Ryan, Agent, Doral, FL
Sun Jun 15, 2014
My advice to you will depend on your finances. If you can afford to carry 2 mortgages, the least stressful will probably be to buy the home you want, move down, then sell the home in Indiana. However, if you need to sell to buy, it may be necessary to sell the home in Indiana, then buy in Venice. There are plenty of rentals available in Venice (even short term) so that's really not a problem.
0 votes
George Gordon, Home Buyer, Bradenton, FL
Sun Jun 15, 2014
Transitioning is always a difficult situation. If the area in Florida is well known to you, and you are sure that is the relocation destination, placing your Michigan home on the market during the busy summer season is a good idea. Once on the market, you should then seriously start looking for Florida property. Attempting to transition with two mortgages, or having to store your belongings in a storage facility for a number of months are both difficult situations.
Many of the people who have made the transition have found that selling furniture, and other items that will not be needed in Florida from their northern location is much better than bringing everything along and making the decision of what to keep and what to discard once they are here. Too many of us have chosen the former, and are now stuck with items that we will never use in Florida.
The other important thing is to find a real estate agent who is willing to work with you, is a great listener, and will do what is needed to find you the right home.
Please contact me if you would like some help.
George Gordon
Realty Masters of Florida
941-894-7808
0 votes
Bill Eckler, Agent, Venice, FL
Sun Jun 15, 2014
Hi Lenore,

Unless you can both qualify for and afford making two mortgage payments, it's likely best to put your home in Indiana on the market and sell it before going to contract on a second property. But there is no harm in being an active buyer and collecting as much information about your future home's location as possible. This way when you are ready to buy you will have a knowledge base in place to make a quick and sound decision.

I see that you may be interested in the Venice area....this is a great choice. I'm an experienced fulltime agent in Venice and would be happy to share information with you about property availability and the buying process.

I'm sure you have plenty of questions to ask, so why not email or call me and start getting ready to be informed.

Best wishes,

Bill Eckler

941-408-5363
billeckler@michaelsaunders.com
Associate Broker, GRI, Top Producer, 5 Star Agent
0 votes
Search Advice
Search
Ask our community a question
Home Buying in Venice Zip Codes

Email me when…

Learn more