I have a new job and want to move closer to it. Like 40 miles
2007-05-05 12:10:42 · 4 answers · asked by big bad john 1 in Business & Finance ➔ Renting & Real Estate
Yes, you can buy as many homes as you want, or at least try to. A lot of sellers won't accept your offer if you can't prove that you can get financing or pay for the new home. They don't want to take theirs off the market and then find out that you can't afford it and then they have to start over again. Would you?
You can try a contingent offer. Your real estate person can explain all of the details for you. Also if you use the same person to sell yours and to help you look they usually dive a discount on comission for selling.
2007-05-05 14:31:56 · answer #1 · answered by ttpawpaw 7 · 0⤊ 0⤋
You'd just go out and buy one-as long as you can afford the double payments of course. Right now it is harder to sell houses so you shouldn't have a problem buying one, but you may have your first home longer than you'd like.
2007-05-05 12:20:33 · answer #2 · answered by akivi73 4 · 0⤊ 0⤋
You probably can't unless you can support 2 mortgages. You should have a contingency in your listing that says something to the effect of you are offering the house ofr sale subject to you being able to find another house.
2007-05-05 14:06:49 · answer #3 · answered by godged 7 · 0⤊ 0⤋
Get a Home Equity Line of Credit on your current home. Use it as the down on a new home, then rent out your current home until it sells.
Not that easy, huh?
-MM
2007-05-05 12:43:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋