My family has outgrown our home and we really need to move. We won't benefit from the $8000 credit, but we hope it would help our "starter" home sell.
Here's the problem: all, and I mean all, of our money is tied up in our home. We cannot carry two mortgages. We are toying with the idea of selling our home and renting an apartment while looking for a new house (we would save about $300/month using this option).
I've also heard of buyers making an offer on a house based on the condition that their house sells. I don't imagine this sort of thing was in vogue a few years ago, but I wonder if that's an option now?
I know we can't be alone in needing to sell a house while wanting to buy another. How do others handle this?
Here's the problem: all, and I mean all, of our money is tied up in our home. We cannot carry two mortgages. We are toying with the idea of selling our home and renting an apartment while looking for a new house (we would save about $300/month using this option).
I've also heard of buyers making an offer on a house based on the condition that their house sells. I don't imagine this sort of thing was in vogue a few years ago, but I wonder if that's an option now?
I know we can't be alone in needing to sell a house while wanting to buy another. How do others handle this?