Buy First?

​You know the where and the when.

• Have a closing date that gives you time to accept a reasonable offer on your existing home.

Considerations:

• Do you have the cash to close if your existing home isn't sold?
  • If not, you'll need capital from your existing home for the down payment on your new home.
  • In that case, will your financial institution provide a “bridge” loan to cover that capital?
    • With a firm offer on your existing home? Probable.
    • Without, unlikely.
• Can your cash flow carry two homes?

Sell First?

You know the what and the when.

Considerations:

• If you don't find a new home by closing, there are two moves:
  • To a rental property for a while.
  • Eventually, to your new home.
• Is there rental accommodation available?
  • What are the costs?
  • Will they take pets or do you have an alternate arrangement?