Highlands NC Real Estate, Can you Buy Before Your Sell?
Prospective buyers of Highlands NC real estate often ask: can you buy before you sell? Often home buyers are selling one home to buy another. Furthermore many people are uncomfortable with buying a new home before selling the old. This is understandable, after all, who wants to carry two mortgages? Yet, the simple answer to this question is yes. You can buy a Highlands NC home for sale prior to selling your current home.
Buying before selling is not uncommon. Unless a buyer has the financial wherewithal this type of transaction will typically involve a bridge loan. The bridge loan is a loan designed to tide you over while you are in the process of selling a home but have purchased, or are purchasing, a new home. Your Highlands NC REALTOR can connect you with a reputable local lender and help you determine whether buying before selling makes sense for you.
Learn more about buying Highlands NC real estate
Contact me, Lynn Kimball, today to learn more about buying a home in Highlands NC. I welcome the opportunity to update you on market conditions while getting you ready for your property search. 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.