"Putting the Cart before the Horse" - Making a Contingent Offer

By
Real Estate Broker with Keller Williams West Sound Realty

Okay, so you've outgrown your current home. The new arrival turned out to be 'twins,' your husband's mother decided to stay a little bit longer than you had anticipated to help out, and you haven't parked your car in the garage for years! That 'spacious' rambler you bought as newlyweds is literally 'busting' at the seams!

 So what's the best strategy for buying your next home?

Is it better to put your house on the market first, get it under contract with a qualified Buyer, and then find your new home?

Or, should you go out and find just the perfect house first, THEN put your house on the market?

For inquiring minds that want to know more, go to SOUNDBITEBLOG for the rest of the article!

(click on the above link to open up a seperate window)

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Tags:
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silverdale wa real estate
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Rich Jacobson
Your Kitsap County WA Real Estate Broker
Keller Williams West Sound Realty

Geordie - thanks for stoppin' by! I am familiar with the Windermere Bridge Loan Program, but have never used it. The only limitation is that both properties need to be 'in' state. Othewise, it may be a good alternative to feeling rushed in the home search process.

April 09, 2007 12:53 PM
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Rich Jacobson
Your Kitsap County WA Real Estate Broker
Keller Williams West Sound Realty
George - I would agree with your logic. I would most always prefer to get the current residence under contract first, and then go hunting for the next home. But again, market dynamics will dictate the best approach. Thanks for your thoughts...nice to hear from you!
April 09, 2007 12:55 PM
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Rich Jacobson
Your Kitsap County WA Real Estate Broker
Keller Williams West Sound Realty
Bill - Hey there, Neighbor! Thanks for droppin' by and sharing your thoughts. Are you ready for some sunshine or what???
April 09, 2007 12:56 PM
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Rich Jacobson
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Keller Williams West Sound Realty
Ray - thank you for your kind and encouraging words! Hope you had a great Easter weekend!
April 09, 2007 01:00 PM
Rainer
64,690
Kelli Fronabarger
Realtor - Bend Oregon
Bend River Realty Inc.

Hi Rich-

Sell first, buy second.

I always think back to a time when I bought a new Landcruiser while waiting for my "old" landcruiser to sell. I learned alot from that whole experience and do not encourage this practice to others.  

April 10, 2007 05:11 PM
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