| When you already own a home moving up to your | | | | contingences and get a better price and plan your |
| next home is a completely different experience from | | | | closing date. If you buy first your offer is weak |
| the one you had as a first time home buyer. It is | | | | includes contingencies and you may have to pay top |
| very important to consider the issues that can | | | | dollar. The sale of your present home now becomes |
| complicate this situation. The timing of your present | | | | a burden you must get off your back and you may |
| home sale and the purchase of the new home is a | | | | end up taking a lower offer your negotiating position |
| juggling act that requires your constant monitoring. | | | | is very weak.o Closing Date Coordination - This is the |
| Follow some simple steps to keep the process | | | | area where it all can fall apart. There are large groups |
| moving forward so you don't get left out in the cold | | | | people of involved with each transaction each |
| or dealing with the ownership issues of two homes.o | | | | transaction is completely separate. The buyer of your |
| Working With Your Real Estate Agent - When | | | | home has his agent, attorney, title company, survey |
| staying in the same general area you will probably be | | | | engineer, home inspector, pest control inspector, may |
| working with the same agent or agents on the same | | | | have city or county inspectors, mortgage company |
| team. This is a true benefit your agent and his team | | | | loan officers, and Uncle Louie who knows everything |
| will have one agenda that is getting from one home | | | | about houses anyone of these can delay the |
| to the next with as few hassles as possible. If you | | | | process. You and your agent and closing coordinator |
| are moving out of the area you have all the juggling | | | | must double check that everyone is doing their job |
| to do yourself. You are now working with two | | | | on the buyer's side making sure ever deadline is |
| different agents and teams whose agendas don't | | | | completed on target. You as a home buyer have the |
| match. One works to help you get out of your | | | | same group of people involved. Your diligence in |
| present home while the works to get you into your | | | | following up with and pushing all these people that |
| next home but they are not working together.o Buy | | | | you are paying is very important. |
| First or Sell First - You must sell first no matter what | | | | Your agent and team closing coordinator in both |
| your buyer agent says or even if the selling agent | | | | transactions should make this process go smoothly |
| says don't worry it will sell. Sure it will, but if its not | | | | with the least amount of hassles for you. But don't |
| sold before you buy you will not be in the best | | | | get out of touch with either of the sale or purchase |
| position to negotiate with the owners you are buying | | | | process no matter how well things are going. If the |
| from. When you have your home sold first you can | | | | agent or coordinator don't call you with updates call |
| make a solid offer on the new home with no | | | | them, keep them on their toes. |