Obstacle 03 · A home in sight
I found the home I want, but I haven’t sold mine yet.
The right home is here now. Before deciding whether to act, separate three questions: how to fund the purchase, whether you can qualify, and whether the dates work.
How would I pay for the purchase?See whether you need your equity now—or could bring it over after selling.Can I qualify while I still own my home?Separate the lender’s approval from the cost of carrying both homes.Can the timing work for this home?Connect the offer, financing, sale and moving dates.
A few things matter.
- What is the price, and when does the seller want to close?
- What cash is available, and how ready is your current home to sell?
- What is your fallback if your sale takes longer or brings in less?