The classic dilemma for many homeowners is whether to buy or sell first. There is no "right" answer. It depends on your specific circumstances as well as current market conditions.
"It depends on your specific circumstances as well as current market conditions."
Most homeowners believe that it's more prudent and less stressful if you sell your existing home before you buy a new one. You can often get top dollar for your home if you are not under pressure to sell. And you're in a better position to negotiate when buying a home. If you have to make an offer contingent on the sale of your home, you often lose negotiating leverage.
The risk of selling first is that you'll be under pressure to buy a new home before closing. In a competitive real estate market, the period between going under contract and closing may not be a realistic timeframe for you to find your dream home.
If you currently own a home, we should talk as soon as possible on what will be best for you in today's market place. Give me a call today.
Joe Murphy The Joe Murphy Team Realtor Coldwell Banker Realty
Biography
Molly and Joe Murphy have been in Real Estate for 3 years, and have quickly become one of the top real estate teams in Manatee and Sarasota counties. Prior to 9/11 Joe was training to be a comercial pilot, however the job outlook looked dim after 9/11 so they decided to get started in Real Estate. For 2003, their first full year they were named 'Top New Agent for the Region', and were ranked in the top 4% of all Coldwell Banker agents worldwide with over 10 million dollars in sales and over 50 transactions. For 2004 they continue to dominate, and are again in the top 4% worldwide, in the top 20 agents in Manatee County, and have sold over 65 homes.
To date the Murphy team has sold over 25 million dollars in real estate, and helped over 120 families buy or sell a home!