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Old 07-02-2011, 08:44 AM
 
37 posts, read 85,645 times
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seems like if you do it contingent on selling your house you may lose out. any suggestions?
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Old 07-02-2011, 08:52 AM
 
Location: WFNJ
1,030 posts, read 2,079,488 times
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Most people get a bridge loan so they can buy a new house, then sell their old place (highly motivated seller).
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Old 07-03-2011, 07:43 AM
 
Location: New Jersey/Florida
5,037 posts, read 9,069,596 times
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sell one, buy one. That was easy.
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Old 07-03-2011, 07:51 AM
 
12,738 posts, read 11,445,485 times
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You can also look into renting the old one until it sells.
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Old 07-03-2011, 08:03 AM
 
Location: Epping,NH
2,097 posts, read 4,927,351 times
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Quote:
Most people get a bridge loan so they can buy a new house, then sell their old place
As long as you can cover both loans for what may be an extended period of time.
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Old 07-03-2011, 09:01 AM
 
Location: GA
2,679 posts, read 8,701,548 times
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It's done all the time. Many seller's accept contingencies. If the offer is accepted with the contingency, you won't lose out.
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Old 07-04-2011, 07:06 AM
 
42,122 posts, read 41,228,015 times
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Harbor some relatives in the old house.
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Old 07-04-2011, 07:12 AM
 
37 posts, read 85,645 times
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Quote:
Originally Posted by Mightyqueen801 View Post
Harbor some relatives in the old house.
I wish. lol but they sold their houses and downsized unlike some of the people here who need 4 bedrooms for 2 adults and then never cut their lawns.
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Old 07-04-2011, 07:49 AM
 
11,170 posts, read 12,854,789 times
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Quote:
Originally Posted by Mightyqueen801 View Post
Harbor some relatives in the old house.




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Old 07-04-2011, 08:00 AM
 
1,786 posts, read 4,354,665 times
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Quote:
Originally Posted by Mightyqueen801 View Post
Harbor some relatives in the old house.
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