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The Easy Way to Avoid Financial Stress When Buying and Selling
Manage episode 443605430 series 3514264
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Should you sell your current home before purchasing a new one, or buy a new home before selling the old one
This is a nuanced decision with advantages and drawbacks to each approach. Let’s break down both options.
First, consider the choice of selling your current home before buying a new one.
One of the main benefits of selling first is that you'll know exactly how much money you have available when shopping for your next home. This clarity allows you to set a more accurate budget for your purchase.
Another advantage is that you’ll avoid the stress of managing two homes simultaneously, both financially and emotionally. You can focus on the sale without the added pressure of immediately finding and moving into a new home.
However, there are also some disadvantages to selling before buying... Listen for more
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