Should you sell your Brandon FL home before you buy a new one?

Do you want to sell your Brandon, FL home? If so, you should sell it before buying another one. This is in your best interests because when purchasing a home you could get put in the position of not being able to sell your old home. Then you are going to have two homes on which you will be making mortgage payments.

Sometimes agents will tell you to buy first but this works more to their advantage that it does to yours. They know if you buy another one first you will need to sell your old Brandon, FL home and more than likely they are going to help you do so. This would end up being two sales instead of one which means two commissions.

In addition, if you sell your Brandon, FL home first you will have the following benefits.

• When selling first, you will have more time to negotiate the price. You are not pressed for time so you do not have to take any offer.

• Since you are not already obligated by another mortgage you are not desperate to sell your Brandon, FL home. This means a higher selling price for you.

• You can make the sell of your Brandon, FL home contingent on finding another home. All you have to do is tell the buyer, the sale is contingent on closing at the same time on the purchase of your new home.

• If the contingency does not seem to go over well, you can ask for a period of time to look for another home. This is a contingency period. Ask for a period of 7 to 21 day during which you can cancel the sale of your old home if you cannot find a replacement home.

• There is always the possibility when you sell your Brandon, FL home that the new owner is not looking for immediate occupancy. In this case, they may rent your home back to you for a certain period of time allowing you to find a new home. If not, you can always store your belongings and rent an apartment until you find another home.

For more information about homeowner assistance programs, please visit our “Find A Local Counselor” page, complete the form and we’ll be happy to assist you further.