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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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New York Times

Recent Commercial Real Estate Transactions
New York Times
... playing at the new restaurant. The space was previously occupied by Morningside Pharmacy. Tenant: Field Trip. Landlord: 101-09 West 115th Street Housing Development Fund. Brokers: Faith Hope Consolo and Arthur Maglio, Douglas Elliman Real Estate.



Mansion Global

Wales and Scotland Leading Real Estate Demand Across the UK
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Demand for homes across the U.K. has risen 8% since the beginning of the year, according to Monday's Property Hotspot Index from online estate agents Emoov. But the overall nationwide rise is being buoyed by an impressive 10% uptick in demand in ...



Forbes

Why Las Vegas Luxury Real Estate Is The Next Big Market Boom
Forbes
When I first came to Las Vegas, I was immediately enthralled by its dazzling nature — not only because of its attractions but also of the features and amenities ...

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Naples Daily News

Compass Reinvents The Real Estate Sign For the Smartphone Era
Inman.com
Compass has unveiled a potentially groundbreaking new customizable real estate sign that its agents can control from their smartphone at Inman Connect San ...
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CNNMoney

Looking for a home in Berlin or Budapest? Prepare to pay more
CNNMoney
Europe is also seeing a "small-city renaissance" due to increasing interest from young buyers, said Paul Tostevin, associate director at real estate agency Savills. "Compared to higher-cost, congested global mega-cities, historic European cities on a ...

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Inman.com

The biggest challenges in real estate today
Inman.com
The biggest challenges in real estate today. Windermere Real Estate Chief Economist Matthew Gardner discusses how to advise clients in an unpredictable market. by Veronika Bondarenko. Today 2:55 P.M.. Email Sharing: Share on social: Share with



WCBD News 2

Real estate prices are still headed higher in the Lowcountry
WCBD News 2
Jim Reese is now retired, but he sold real estate in Charleston for 15 years and managed an office for 15 years before becoming the General Manager of Carolina One for about 8 years. Reese says Berkeley County is doing particularly well, and prices for ...



Columbus Telegram

Home Real Estate making a move into new home | Local ...
Columbus Telegram
From a young age, Columbus native Renee Mueller knew she wanted to help her hometown.

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Pensions & Investments

Caisse-Backed Avison Young to Buy European Real Estate ...
Bloomberg
Avison Young Canada Inc. will use a new, C$250 million ($190 million) investment by a big Canadian pension fund to recruit talent and make global ...
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Sovereign Wealth Funds Show Signs Of Real Estate Fatigue
GlobeSt.com
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards ...


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