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Market Conditions in Park City : Real Estate Advice

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Activity 2
Mon May 30, 2011
Dallas Texas answered:
Tax questions you need to ask your CPA professional who can handle your particulars

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
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Wed Feb 23, 2011
Kim Smith-Martin answered:
This should be an easy thing, yet sometimes becomes difficult. I agree with all the answers, there are many variables involved. Established builders will start building your home contingent on you selling your current home and then release you from your contract if you can not sell, but it can be heart breaking to see "your" new home go if you are not ready to buy. On that same note builders may require you pay up-front for extras and overages that may not be refunded unless the builder can sell the home to someone else who is willing to pay for the same extras. Of course the best situation is to go into a new build without a home to sell. If you can't pre-sell your home at least make sure you have a good agent and do not over price the home you are trying to sell. Another option may be to turn your current home into a rental, but you will need to check with your lender to see if you can still qualify this way. Good Luck :) ... more
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