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While selling your existing home first is a hassle - it means packing, moving and unpacking twice, not to mention finding a month-to-month lease - it will give you advantages beyond being able to make a more competitive offer. First, youll know exactly how much you have to spend. And each month that passes, you can save more toward your down payment.
You also wont be rushed to get a new home under contract in that small window between when your old bank personal loan interest rates 2017 goes under contract and the buyer moves in. Personalize your offer.
Yes, theyre cheesy and sometimes insincere, but a heartfelt letter to a seller who has an emotional attachment to the property can give you an advantage over other buyers. Last year, Carrie Van Brunt-Wiley found herself in a bidding war in Bayport, N.against a contractor offering all cash. She gained the upper hand by learning something about the seller. "The seller was born and raised in the house, so there was a lot of sentiment involved," Van Brunt-Wiley says.