Come this Summer my wife and I are planning to sell our house. We just put 50k into remodeling it, and I don't think we should have any issue selling it at all. It's a very, very nice house, and pretty much the entire thing has been updated. It's a damn fine looking house!
We decided once and for all we are going to be moving to the East Valley area of Phoenix, Arizona. I lived there for a period of my life, and moving away from there is what I always felt to be the biggest mistake of my life.
I'm a bit stumped though, so I'm hoping some of you who have moved before can offer some advice on this matter.
How do we go about doing this? Do we put our house up for sale without another house in mind, then sell it and live in a rental until we find a new house? Or do we find another house, put in an offer contingent upon us selling our house, then sell our house, then move?
I'm just a bit perplexed as to how to go about this. With the new house, I'll have about 300k in cash to put down, and I'll likely end up having to take out a home loan for another 50-75k (since most of the house we are finding are around 350-375k), so if I put in an offer on another house before we sold ours, it would have to be contingent upon us selling our house, and then also contingent upon me getting approved for a home loan for 50-75k (which I have to imagine wouldn't be hard given that I'd have about 300k cash to put down on it).
Just looking for input from others who have done this and what the best way to go about it would be (if there is a "best" way).
Thanks!
We decided once and for all we are going to be moving to the East Valley area of Phoenix, Arizona. I lived there for a period of my life, and moving away from there is what I always felt to be the biggest mistake of my life.
I'm a bit stumped though, so I'm hoping some of you who have moved before can offer some advice on this matter.
How do we go about doing this? Do we put our house up for sale without another house in mind, then sell it and live in a rental until we find a new house? Or do we find another house, put in an offer contingent upon us selling our house, then sell our house, then move?
I'm just a bit perplexed as to how to go about this. With the new house, I'll have about 300k in cash to put down, and I'll likely end up having to take out a home loan for another 50-75k (since most of the house we are finding are around 350-375k), so if I put in an offer on another house before we sold ours, it would have to be contingent upon us selling our house, and then also contingent upon me getting approved for a home loan for 50-75k (which I have to imagine wouldn't be hard given that I'd have about 300k cash to put down on it).
Just looking for input from others who have done this and what the best way to go about it would be (if there is a "best" way).
Thanks!