Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

Spam prevention
Rainmaker
1,510,563
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

It is a good question to ask twice:) 

Apr 02, 2018 11:29 AM
Rainmaker
1,727,295
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

You have to counsel your client to find out what would be the best strategic plan based on their needs and finance. 

Apr 02, 2018 06:50 PM
Ambassador
5,219,856
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Bridge loan, buy a new home first or go with my answer to the similar q

Apr 02, 2018 06:06 PM
Rainmaker
4,026,035
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

What is their acceptable level of risk? You can always rent until you find another place. You can't wish a sale of your present home once you sign a contract for another one.

Apr 02, 2018 02:30 PM
Rainmaker
1,362,418
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Sell first with a home of choice contingency.  Most sellers won't accept a contingent offer in this market.

Apr 02, 2018 12:08 PM
Rainmaker
6,375,660
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Many seniors can pay cash after they sell their home but do not have access to bridge financing to purchase another home before selling their present home.

Apr 02, 2018 11:44 AM
Ambassador
2,546,685
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  1.  Challenging as in Sellers market or Buyers market?

  2.  What is their financial position?   Can they afford to own 2 houses at the same time? 

Apr 02, 2018 11:26 AM
Rainmaker
3,069,684
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Inna Ivchenko nailed this one!

Apr 03, 2018 06:13 AM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends 

Apr 03, 2018 06:02 AM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Can they do a bridge loan?  Do they have an emergency place to move to?  I would check out all options.

Apr 03, 2018 05:36 AM
Rainmaker
939,956
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

It depends on the client and their individual needs and resources...why do they need to sell?

Apr 02, 2018 11:34 PM
Rainmaker
3,985,813
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Hard decision in a tight market.

Apr 02, 2018 08:35 PM
Ambassador
4,093,703
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Again, it all depends upon their financial situation - if we can be prepared to list and they can carry two mortgages temporarily, we get them in their purchase first, THEN list.

The key is doing so without an contingencies and working hand-in-hand with the lender.

Apr 02, 2018 08:08 PM
Ambassador
3,002,434
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Duplicate.

Apr 02, 2018 05:18 PM
Rainmaker
3,912,870
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I've had some who could buy first and then sell. I've had others who had to sell before buying. It really depends on on each individual client and where they want to be and what they are selling.

Apr 02, 2018 12:08 PM