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School Reports in Stonington, Mystic and Groton, Connecticut

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Real Estate Contracts >Selling Before Buying

Timing can sometimes be difficult if you have to sell a home before you can buy another one. Most people need the equity from the sale of their first home for the down payment on the new house. If your present home goes on the market first, you may be concerned that it will sell before you find the one you want to buy. On the other hand, if you find the perfect home before your present home is under contract, the sellers may be reluctant to accept your offer, and you may be too nervous to sign a contract.

It is a good idea to sit down with a good real estate agent for some professional advice before you begin your search. It will probably be necessary to be flexible on the closing date, because it can be easier to find a home that you want to buy than to sell your present home. After finding the house you want, you can ask the lender about arranging a short-term bridge loan that can make the purchase possible before you sell your current residence.

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Q	What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"
A	Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star.
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Donna Sormanti-Saglio and Dean Saglio, REALTOR®, real estate agents and broker for Stonington, Mystic and Groton, Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

The Donna and Dean Real Estate Team
RE/MAX Coast and Country
530 Stonington Rd. Suite 101
Stonington, CT. 06378
Phone: 860-535-9009
Fax: 860-535-9229
Toll Free: 1-877-8REMAX9
Mobile (Donna): 401-559-3314
Mobile (Dean): 401-559-3313
Email: info@CoastandCountryDreamHomes.com
Make the Donna and Dean Real Estate Team your team for Success! Being a REALTOR® means more than selling homes. It's about people, families, and their hopes and dreams. It's about a relationship based on trust, knowledge and expertise. Our clients can be assured that we will always go that extra mile to make their experience the best they have ever had when buying or selling a home."

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