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Financially, move-up home buyers have a much easier time than first-timers, who are trying to scrape up enough cash to cover a 10% down payment and closing costs. But trade-up buyers face a whole new complication: Buy first or sell first? |
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Buy First : This strategy makes the most sense if you're in a hot market where you're likely to encounter a bidding war over prime real estate. |
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Sell First : Why not just make your offer to buy a new home contingent on selling your old one? Because in a strong market, sellers won't even consider such a deal. It ties them up with an offer that is by no means a sure thing.
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