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Old 07-02-2011, 09:44 AM
 
37 posts, read 58,511 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, 09:52 AM
 
Location: WFNJ
951 posts, read 1,124,186 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, 08:43 AM
 
Location: Ocean County
3,854 posts, read 6,127,236 times
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sell one, buy one. That was easy.
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Old 07-03-2011, 08:51 AM
 
6,854 posts, read 4,936,520 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, 09:03 AM
 
Location: Epping,NH
1,944 posts, read 3,043,195 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, 10:01 AM
 
Location: GA
2,588 posts, read 6,672,514 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, 08:06 AM
 
27,936 posts, read 22,163,650 times
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Harbor some relatives in the old house.
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Old 07-04-2011, 08:12 AM
 
37 posts, read 58,511 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, 08:49 AM
 
5,591 posts, read 5,260,032 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, 09:00 AM
 
1,786 posts, read 2,805,840 times
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Quote:
Originally Posted by Mightyqueen801 View Post
Harbor some relatives in the old house.
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