Sitemap: Home Buying in Bridgewater, Basking Ridge and Somerset County, New Jersey

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Real Estate Contracts >Selling Before Buying

Timing can sometimes be difficult if you have to sell a home before you can buy another one. Most people need the equity from the sale of their first home for the down payment on the new house. If your present home goes on the market first, you may be concerned that it will sell before you find the one you want to buy. On the other hand, if you find the perfect home before your present home is under contract, the sellers may be reluctant to accept your offer, and you may be too nervous to sign a contract.

It is a good idea to sit down with a good real estate agent for some professional advice before you begin your search. It will probably be necessary to be flexible on the closing date, because it can be easier to find a home that you want to buy than to sell your present home. After finding the house you want, you can ask the lender about arranging a short-term bridge loan that can make the purchase possible before you sell your current residence.

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Q	What does the term ARM stand for?
A	An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market.
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John Bendall, REALTORŽ, real estate agents and broker for Bridgewater, Basking Ridge and Somerset County New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

John Bendall
RE/Max Classic Group
3322 Rte 22 West Suite 908
Branchburg, NJ 08876
Office: 908-895-1898
Fax: 908-231-7799
Email: john@bendallgroup.com
John Bendall earned his real estate license in November, 1986, because he thought about buying houses and fixing them up, just like everybody else in the mid-1980's. With speed and agility, John learned the area, refined his skills and soon became a Major League agent. Within four years he grew his business from ground zero to $26 million in closings. One of real estate's biggest fans, John soaks up all the knowledge he can about every facet of the industry. His many credentials and affiliations with professional organizations are one way in which he gathers the news from the cutting edge of the market. Call or email John today, and he will help you achieve your Real Estate goals. Performance Outsells Promises!

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