Moving how do you buy 1 house if you own a house (to rent, loans) - New Jersey (NJ) - City-Data Forum

MookieMookie · 07-02-2011, 08:44 AM

seems like if you do it contingent on selling your house you may lose out. any suggestions?

Praxis · 07-02-2011, 08:52 AM

Most people get a bridge loan so they can buy a new house, then sell their old place (highly motivated seller).

JERSEY MAN · 07-03-2011, 07:43 AM

sell one, buy one. That was easy.

ocnjgirl · 07-03-2011, 07:51 AM

You can also look into renting the old one until it sells.

rscalzo · 07-03-2011, 08:03 AM

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.

brook2ga · 07-03-2011, 09:01 AM

It's done all the time. Many seller's accept contingencies. If the offer is accepted with the contingency, you won't lose out.

Mightyqueen801 · 07-04-2011, 07:06 AM

Harbor some relatives in the old house.

MookieMookie · 07-04-2011, 07:12 AM

Quote:

Originally Posted by Mightyqueen801

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.

Retriever · 07-04-2011, 07:49 AM

Quote:

Originally Posted by Mightyqueen801

Harbor some relatives in the old house.

timneh5 · 07-04-2011, 08:00 AM

Quote:

Originally Posted by Mightyqueen801

Harbor some relatives in the old house.