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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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Phyllis Anderson
Long and Foster Realtors
9321 Midlothian Turnpike, Suite E Box 35075
Richmond, VA. 23235-0075
voice mail: 804-327-1073
Fax: 804-320-3341
office: 804-560-7625
cell: 804-356-8772
Email: phyllisanderson@NUMBER1EXPERT.com

When you hire me as your agent, I will serve your interests and agenda with diligence. I will meet your needs for regular communication, accurate information, and details pertinent to the transaction. Thanks, in advance, for your trust and your business.

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