{"id":8767,"date":"2024-11-06T03:21:46","date_gmt":"2024-11-06T11:21:46","guid":{"rendered":"https:\/\/www.flyhomes.com\/blog\/?p=8767"},"modified":"2024-11-21T00:03:36","modified_gmt":"2024-11-21T08:03:36","slug":"buying-a-home-before-selling-what-you-need-to-know-first","status":"publish","type":"post","link":"https:\/\/flyhomes.com\/blog\/buying-a-home-before-selling-what-you-need-to-know-first\/","title":{"rendered":"Want to Buy Before You Sell your Current Home? Here’s What you Need to Know"},"content":{"rendered":"\n

Buy before you sell<\/a> – it\u2019s not impossible. All you have to do is understand the process, and determine the smoothest path to move into your new home. Let\u2019s help you get started.<\/p>\n\n\n\n

One of the most common questions would be, \u2018Should I buy<\/a> a new home first or sell<\/a> mine first?\u2019<\/p>\n\n\n\n

The answer depends on your situation, the current market, and what you\u2019re comfortable doing. It\u2019s important to weigh the pros and cons of each approach before making a final decision.<\/p>\n\n\n\n\n\n\n

How do I buy a new home before selling my old one? <\/h2>\n\n\n\n

Once you\u2019ve decided that buying<\/a> first before selling is the right decision for you, here\u2019s what you do next. <\/p>\n\n\n\n

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  1. Make a contingent offer <\/li>\n<\/ol>\n\n\n\n

    You can make an offer that\u2019s contingent<\/a> on your current home\u2019s sale. In other words, if your home doesn\u2019t end up selling (or doesn\u2019t sell within a certain time frame), you can back out of the purchase. <\/p>\n\n\n\n

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    1. Use a short-term loan to make an all-cash offer <\/li>\n<\/ol>\n\n\n\n

      A short-term loan gives you access to the money that\u2019s tied up in your home\u2019s equity, letting you make an attractive cash offer<\/a>. <\/p>\n\n\n\n

      What are the advantages of buying a home before selling it?<\/h2>\n\n\n\n