Wife and I have a growing family and are looking to take advantage of the slow market and upgrade to our forever home.
As we all know, the only problem with the discount/slowness on the high end, is trouble selling your current home in the process.
What is the standard practice in a slow market? Do I make an offer contingent on selling my house? How long are those contingencies usually given?
We could probably float both mortgages, but wouldn't want to for long. Also would really love to use the equity in my current home for the down payment.
Very tough sellers market where we are right now and just not sure how to approach this.
As we all know, the only problem with the discount/slowness on the high end, is trouble selling your current home in the process.
What is the standard practice in a slow market? Do I make an offer contingent on selling my house? How long are those contingencies usually given?
We could probably float both mortgages, but wouldn't want to for long. Also would really love to use the equity in my current home for the down payment.
Very tough sellers market where we are right now and just not sure how to approach this.