Avoid Paying For Two Homes In The San Fernando Valley
Out with the old home and in with the new home.
You are in the market for a new home. You are still living in your old home. And suddenly, you find your dream home to purchase. Great location, great price, but, wait. You still have your old home. You are going to be stuck with two mortgages to pay. You can’t afford to pay two mortgages for very long. And getting a down payment without selling your existing home? It is not that easy.
Sometimes it can be difficult or unfeasible to borrow money from a family member or friend. If it’s not possible, you might be able to ask your bank for a short-term loan on your existing home with the plan to pay it off when your house sells.
Month to month, there are thousands of homeowners are faced with this stressful situation when it is time to decide whether to buy or sell the house first. The problem here is that, if you buy before selling, you can run the risk of owning two homes. Or it can be worse if you sell your home first, then you will end up homeless. Real estate insiders call it the Catch 22, and it is an extremely anxious position to find yourself in.
Before choosing you to hire any random real estate agent, you need to find the best one for you. Viceroy Realty has the best agents to get the job done. In the market, there are many homes listed for sale that linger for months and months on the market. Viceroy Realty team guarantees to sell your home and help you find the right plan for your new home. We guarantee to buy your home cash if it doesn’t sell!