How to Buy a Home Without Selling Your Current Home
There are pros and cons to buying a home before selling your current home.
Here are the pros of buying a home without selling your current home:
- You won’t need to worry about where you will live after your home sells. This can make you feel at peace of mind because you won’t be stressing about where you will be living.
Here are the cons of buying a home before selling your current home:
- This is a big con: you will have two mortgages until your current home sells.
Make a decision that is in the best interest of you and your family. Weigh the pros and cons of your options before moving forward.
So, how exactly do you buy a home without selling your current home?
Analyze the market
How long are homes staying on the market? If homes are flying off the market then that would be the preferred time to buy a home before selling your current home.
Also checking to see how much these homes are selling for is important as well.
Financing options
Take a look at your current finances. Do you even have the means to buy a home currently? Are you in a position where you can support paying for two mortgages at once? Are…
