Heather Sold her House First and Downsized to a Condo so she Could Travel
Want a Better Home But Have to Sell First?
If you're like most people, you'll need the firm sale on your existing home before the lender will give you money to buy another.
It's frustrating, but even if your credit is good and your income is steady, the lender will only approve the purchase of a new home if you can carry your existing mortgage and the mortgage on your new home at the same time.
If you can handle both you're in a more favourable position and you can start to get ready to sell your home. More about that HERE.
If you have to sell first don't despair, it means you're like most people.
Your first step is to find out what your home is worth. Send me an EMAIL, tell me where you live and I'll send you recent sales in your area.
Your next step is to take that information to the lender and work out some scenarios.
The lender will give you an idea of how much you can spend on the new house once yours is sold. They will also work out some short-term financing options for the period after you've taken possession of your new home and are waiting for the money from the sale of your old home.
Interested on finding out more about getting your home ready to sell?
I've written a eBook on selling a home. Click the button for more information.
Just Looking for a Conversation?
Some people find talking into a phone old-fashioned, but I still like it. Give me a call anytime, evenings and weekends included, and let me know what you need help with. I'm at 306 533 1395.