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Old 07-02-2011, 08:44 AM
 
37 posts, read 65,744 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
980 posts, read 1,374,283 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
4,034 posts, read 6,751,606 times
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sell one, buy one. That was easy.
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Old 07-03-2011, 07:51 AM
 
8,341 posts, read 6,258,349 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
2,028 posts, read 3,519,767 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
2,616 posts, read 7,148,060 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
 
30,239 posts, read 26,083,348 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 65,744 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
 
6,687 posts, read 6,832,871 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 3,193,994 times
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Quote:
Originally Posted by Mightyqueen801 View Post
Harbor some relatives in the old house.
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