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Not Everyone is Buying or Selling, Some are Doing Both


As if one real estate transaction is not hectic enough? many of us end up needing to sell one place in order to move up to the next? this is the "real estate catch 22". Do we buy first?? Do we sell first?? If we are fortunate, these events occur at the same time, but that is not always the case. The problem is trying to determine if it is worse to end up "temporarily homeless" because you sold first, or financially strapped because you bought first.

Conventional wisdom states that IF you can't make them happen simultaneously, it is better to sell before you buy. The rationale? If you sell first, you don't end up at a disadvantage at the negotiating table. This happens by feeling pressured to accept something lackluster for your current home due to your impending closing on the new home. There are several providers of short-term, furnished lease properties that can fill the gap while you find the new dream home if needed. The purpose for finding a furnished property is for the simplicity in moving.

Few people I know want to pack and unpack twice and a few months storage is a small price to pay for the convenience. (For those that enjoy packing, there are support groups available.) And yes, if you were wondering? the two scenarios DO affect the financing angle as well. Having moved on from the first home does help in the debt-to-income ratios that lenders use to qualify you and in the funds that you have available towards the down payment of the new place? both help in the rates that will be available to you.

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Fortune

Climate Change Is Already Depressing the Price of Flood-Prone Real Estate
Fortune
New research shows that real estate properties in areas affected by extreme weather and sea level rise are losing value relative to less exposed properties. The effects are already substantial, but they may point to a looming collapse as climate change ...



Forbes

Evaluate This Factor To Find The True Winners Among Today's Hottest Real Estate Markets
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As the presence of social media, instant messaging and “smart” devices continue to encroach on our physical, non-digital lives, I have observed that real estate markets are becoming hyper-localized, even more so than they were in the past. Any real ...



New York Times

Can I Stop My Neighbor From Running an Airbnb?
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A single-family residence has different fire safety requirements than a hotel and restrictions on which rooms can be used as bedrooms, according to Jared E. Paioff, a real estate lawyer and a partner in the New York City law firm Schwartz Sladkus Reich ...



The Denver Post

Big industrial deals have more real estate investors taking note of Denver market
The Denver Post
The sale, totaling 1.93 million square feet of space, was the single largest industrial deal on record for the Denver metro area, according to real estate services firm CBRE. It was hardly the only industrial transaction to close in the first three ...

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Sacramento Bee

A Woodland mansion is listed for $3.9 million. Why SF residents may call it a bargain
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Perhaps the hottest home in the whole country to hit the real estate market this week, an immaculate Victorian mansion in Woodland boasts six bedrooms, 11,200 square feet and a gorgeous exterior, with a list price of $3.85 million. And, with ...

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Milwaukee Journal Sentinel

Real estate values climb throughout city of Milwaukee
Milwaukee Journal Sentinel
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Real Estate Transactions: April 21, 2018
Fairfield Daily Republic
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Albany Times Union

Real estate news and happenings - Times Union
Albany Times Union
Ryan Clark, manager of the Berkshire Hathaway HomeServices Blake Niskayuna office, will also manage the new Schenectady office. (Photo provided). Ryan Clark, manager of the Berkshire Hathaway HomeServices Blake Niskayuna office, will also manage the ...

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Charleston Post Courier

Real estate advocates showcase sustainable communities, ecological ideas around Earth Day
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Jennifer Howard was musing the other day "about how different communities embrace and promote sustainability and environmental awareness," what with Earth Day approaching on April 22. She started thinking after visiting Summers Corner, a newer ...



Palo Alto Online (blog)

Retail's Real Estate Glut is Growing
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That is the headline in a Business Week article this week. Last year 105 million square feet of retail space was announced for closure and this year so far the total is 77 million square feet in just the first three months. Readers are familiar with ...

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