Highlands NC Real Estate, Buying Before Selling
Buying before selling often comes into play with Highlands NC real estate. And, today’s hot buyer market may be seeing more of this phenomenon. Simultaneous buying and selling can come into play when a buyer goes under contract when selling a property at the same time. Buyers are acting quickly in this competitive market and some buyers may be placing offers prior to listing a Highlands NC home for sale.
Buying before selling is not necessarily an issue or a stressful situation for those with deep pockets. However, for many, this can be a daunting process. The reality is that there are important steps to take to reduce the stress by creating a more seamless process. The first detail is to understand finances. Important questions to ask include: How much can you afford? Will you need a loan? Does a sale need to happen first?
Buying and selling at the same time
When a buyer finds a Highlands NC property to purchase then the offer can include a contingency that requires the sale of his current property first. While not always appealing to a seller, this can work out fine if all of the other elements of a contract are strong. Additionally, a buyer can purchase a property with a bridge loan prior to selling his current home. While typically having a higher interest rate, a bridge loan buys some time when it comes to simultaneous buying and selling.
Learn more about Highlands NC real estate
Having an experienced Highlands NC REALTOR on your side is important when buying and selling a home at the same time. Contact me, Lynn Kimball, today to learn more about buying and selling real estate. I welcome the opportunity to update you on the market while answering all of your questions. Let my knowledge and experience serve as your guide to Highlands NC real estate.
Click here to read “Does It Makes Sense To Buy A New House Before Selling The Old One?” from Realty Times.