Selling and buying simultaneously
In the current market is is far more difficult to sell a home than it is to find a good buy. Here is a couple of things that may help you through this process.
For homeowners that are interested in upgrading it is a good idea that you secure a sales contract on your current residence before you spend any time looking for a replacement. This will put you in a position to be able to act fast when you find the home you want.
If you have found a home prior to closing on your current residence it is a good idea to include a contingency that your current residence closes escrow before you must close on the new purchase. This will eliminate the possibility of being stuck with 2 mortgages.
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