Selling Your Waco Home Despite the Chicken-Egg Dilemma
Especially when the market is moving briskly, selling your Waco home can put you up against a chicken-egg quandary. “Which came first?” is as unanswerable today as when we argued about in the second grade—yet when a key decision about selling your home depends on answering a similar puzzler, it’s anything but whimsical.
The metaphor is almost exact. If you know you will be buying a new house but haven’t yet sold your current Waco home, which comes first?
As for the new purchase, the universally agreed upon best practice for house-hunting is to be able to produce a lender’s preapproval for X dollars.
So selling your Waco home has to come first, right?
But if you need to have sold your home before you get serious about finding a new one—what if the tight market means it may take a while to find the right home at the price you’re looking for? Selling your current home usually means committing to moving out at a date that’s fast approaching!
So that means locking up the new home comes first, right?
The answer is to have faith that—unlike the chicken-egg riddle—generations of Waco buyers and sellers have successfully solved the dilemma. It involves a number of working parts including the particulars of your current financial profile, a formulation of the post-sale net proceeds, and a properly constructed pre-approval letter that will be contingent on the successful closing.
Although you could put all those parts together yourself, that’s hardly necessary. It’s a piece of cake once you’ve enlisted the services of the Waco professionals who deal with these issues all the time: a team including your knowledgeable Waco Realtor® and an experienced local mortgage professional. Call us whenever you need to solve any similar Waco real estate dilemma. Camille Johnson, Realtors be at your side to help protect something else: your nest egg!