February 28th, 2013 1:24 PM by Michael and Jill Kohler
Many people are not sure if they should sell their current home first, or if they should start shopping for a new one. It’s basically the chicken or the egg. The best way to do it is buy your next home first and then sell your current home, according to many analysts. But the only way to qualify is if you can afford to carry both mortgage payments. Buyers who cannot afford to pay both loans will need to sell their home first. If you can’t find a home to buy before the closing, there are 2 options, either rent their current home for their buyers, or rent another property temporarily. And an option many people don’t want to consider, it moving in with relatives until you find the home you want.