Planning to Sell Your Home?

If you're considering selling your home, it's a good idea to obtain a loan pre-approval for your next home before selling.

With changes in the mortgage industry, the loan amount you qualified for in the past may no longer apply. You'll want to be sure that when you do sell your home, you'll have the ability to replace it with another.

A common misconception is that you shouldn't sell your home until you find another.

The reality is that it's best to sell your home first, then find another. As a minimum, you should have your home actively listed for sale prior to looking for another home in earnest.

The benefit to you, in selling first and buying later, is that you're in the best possible position to negotiate a good price. The reason you'll be able to negotiate a good price is that you'll be able to close on your new home quickly and that may be just what a seller needs.

This places you at a premium from a sellers point of view. The seller knows he has a bona fide buyer and will be more likely to agree to a lower offer from you, versus a person who still has to sell their existing home, or worse yet, someone who doesn't even have their home listed for sale.

Your agent can help to coordinate the closings on your present home and your new home to help mitigate any possible inconvenience.