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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	To what process do the terms closing, escrow, settlement and passing papers refer?
A	These terms, which vary in different parts of the country, describe the conclusion of a real estate sale.
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Peter With, REALTORŽ, real estate agent and broker for Mississauga and Oakville Ontario home listings, property and land for sale - NUMBER1EXPERT(tm)

Peter With
RE/MAX Realty Enterprises Inc.
1697 Lakeshore Rd West
Mississauga, Ontario L5J 1J4
Canada
Office: 905-855-2200
Home Office: 905-849-0027
Fax: 905-849-0595
Email: peter@peterwith.com
Peter With has over 20 years residential real estate experience and is an expert in Mississauga & Oakville. He has lived and worked in the area for many years, and he knows it intimately. He is in the top 1% in RE/MAX internationally and holds the RE/MAX "Hall of Fame" award. As a husband and father of two, Peter understands that most of us would rather spend time with our family than hours trying to buy or sell a home. This is why his love and knowledge of the community benefits his real estate clients. He is able to locate the perfect home for buyers and get the best price for sellers in very little time. If you are looking for the Realtor who knows the Mississauga & Oakville market, call Peter With for experience and success in helping you buy or sell your home.

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NUMBER1EXPERT™ in real estate for Mississauga and Oakville, Ontario

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