May 6, 2009
Getting yourself prepared to purchase a new home takes planning. When you currently own a home and need to sell the current home as well as purchase, the planning of the sale and purchase can be best managed with diligent consideration of the following items:
•1. Realistically pricing your current home based upon the comparable homes that have recently sold in a similar location with similar amenities and upgrades
•2. Do not price your current home based upon what you would like to purchase
•3. Consult a mortgage loan officer to understand your financing options:
•4. Understand the current marketplace by talking to your realtor:
What is the average time on the market for homes in the same price range as yours is listed?
•5. What is the average time it takes to go from contract to closing?
•6. Although it might be difficult to imagine not purchasing a new home until your current home is under contract and contingencies have been met, you will be in a better position to negotiate with a new seller
Take a look at my market report for today!
Currently Ryan has about 30+ listings in inventory, and has already sold 14 homes in 2009. Please don't hesitate to contact me with any questions about Chico area real estate.
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