[quote=joec]I would guess nearly everyone in easy to sell areas would definitely throw out offers which have a sale of existing property contingency.
Just seems like a mess to have to deal with that.
I’d suggest just selling and renting if they really “NEED” to move to something bigger.[/quote]
Agree with this.
We were talking to another couple last night about this very same thing. In this market, the best option would probably be to sell and then rent. Might also be able to time things better WRT seasonal buying, too, by selling in late winter/spring and then buying in late fall/early winter. You also know exactly how much money you will have, as well. Lots of people don’t really understand how much money gets sucked out of each transaction when you sell, not to mention the fact that one might not get their “wishing price” when they sell. What looks like a lot of equity might end up being quite a bit less once everything is netted out.
