If you’re selling your home to move to a new one the most dreaded situation of all would be to be stuck with two mortgages. To avoid this, consider these tips:
1. List your current home for sale and wait for some action before you go house hunting for a new home.
2. Don’t make an offer on a new home until your current home is under contract. It is even better to wait until it is well into the escrow process.
3. If you do make an offer on another home, make sure the contract states that your purchase is contingent on the sale of your current home.
Thinking of buying or selling a home in Sussex County? Give us a call at Cooper Realty Associates and put us to work for you – 302-856-6434.