The decision to put your current home up for sale while buying a new home is a major financial consideration. Whether you are upgrading, downsizing, or relocating, this process is an emotional time and one of transition. Hiring the appropriate legal team can help minimize the sense of overwhelm and provide a solid strategy with sound legal guidance.
Here are practical tips from our Kendall County, IL residential real estate attorneys to assist you in planning for a smooth transition.
Understand Your Goals
Before making any moves, the following questions should be considered:
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Are you relocating for work?
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Are you downsizing for retirement or due to a health crisis?
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Do you need to sell your current home before buying?
Speaking with an experienced mortgage professional is a wise decision because they have financial instruments to help ease the burden and transition.