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Home Buying in Millbrook : Real Estate Advice

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Robin Davies, Real Estate Pro in Prattville, AL
Fri Nov 25, 2011
Robin Davies answered:
You have a few options depending on your financial situation. If you are wanting to purchase a home and be able to move in prior to your current home selling and closing there will be a few stipulations. You will not be able to purchase and use VA financing while still owning your current home because it will have your VA eligibility tied up until closing. If this is what you are looking to do, you would need to speak to your mortgage consultant to see if you can qualify to hold both mortgages at the same time and decide if that is something that you want to take on. You could take the route of purchasing your next home with the contingency of your home selling. This does however have its downfalls since it is really like just putting dibbs in on the home you really want to buy, but just can't purchase it yet. If the home you are wanting to purchase has other interest, you may get pushed out if someone else comes along who can purchase the home without the contingency of having to sells theirs. The contingency could also put you at a disadvantage when it comes to negotiating the terms of the contract since you are asking the seller to in a way lessen the marketing of their home to wait for yours to be contracted, and some sellers will not consider this type of contingency. I hope this gives you some of the information you were needing. ... more
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Gregory Camp…,  in Montgomery, AL
Thu Nov 4, 2010
Gregory Campbell answered:
June,
Please provide an address for the home. I will obtain the information for you.
We look forward to working for you.
Call me at 334-207-8189
Sincerely,
Greg Campbell
Campbell and Company Realty ... more
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