If you're moving into a more expensive house, remember that utilities and other expenses may be higher.
And how do you handle the transaction if you need to buy another home before you sell your current property?
Financial planners have three tips for anyone thinking about buying a new house before selling their current house.
That said, there are notable downsides that come with buying a home before you sell from a financial standpoint.
A bridge loan is a short-term loan that helps "bridge the gap" when you're buying a new home before selling your old one, and it typically lasts for around one year.
Persons:
Glen Hedrick, Brandon Juodikis, you'll, Hedrick, Juodikis, There's
Organizations:
Calque, Wealth Management, BRJ Wealth Management
Locations:
Old, Calque