Cy-Fair Real Estate

Here is a good article on InmanNews about the best order to do things when you are looking to move to a new house.

http://db.inman.com/inman/content/subscribers/inman/column.cfm?StoryId=050502JG&columnistid=guttentag

In short, the order that Mr. Jack Guttentag recommends is:

• Get a contract on a new house
• List old house
• Get an unconditional contract of sale on your existing home (this is the tricky part) with a closing date after the closing date on your new home
• Assuming you do not have enough cash to cover the down payment, get a “bridge loan” from a bank which will use the home equity built into your current house to help fund the down payment on your new house.
• Close on your new house
• Close on your existing house
• Pay back the bridge loan
• Done!

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