CENTURY 21 Bond Realty, Inc. | Malden MA Real Estate, Medford MA Real Estate, Melrose MA Real Estate


Although being a first-time buyer can seem overwhelming, there was one advantage to the entire process: You didn’t need to sell another property. If you would like to move out of the home that you’re currently living in and are in the process of buying a new place, your life is about the get complicated! Hold tight to your realtor and get ready for quite the ride. 


Since it’s often unrealistic to pay two mortgages at once, there’s a certain way that you must complete the transactions so as not to cause a huge financial headache when moving from one place to another. Unfortunately, you’re going to have to deal with buying a new home and selling your current one simultaneously in most cases.    


The good news is that it can be done! Read on for tips to find out how you can make the process go as smoothly as possible. 


First, you’ll want to understand the housing market that you’re in. You’ll know what strategies you need to employ if you understand the type of market that you’re dealing with. If the two homes are in completely different areas, this research will be even more important to you. 


Buying


While you’re searching for a new home and selling your current one, you’ll want to leave your options open. That means not locking yourself down to just one home. Of course, you’ll only put in one offer at a time, but knowing what’s out there for you to buy is important in case the purchase falls through on the first prospective home. This way you won’t have much chance of being “stranded” once your old home sells. 


Selling


You want your home to be sold in a timely manner. This means that your old home should be well-priced and ready to sell. Work with your realtor on staging, pricing, and holding open houses. The more effort that is put into marketing your home, the better chance you’ll have of selling it. Extra time on the market means that you’ll have a bigger headache when it comes to buying your new home. Selling quickly is not a bad thing so long as you have some other place to live. You can also put a contingency in the sale stating that you need to find suitable housing before you can move. Realtors can do a lot when their sellers are cooperative and proactive.           


Should You Buy First?


If you sell your home first, you’ll have an easier time getting a mortgage on a new home. The problem here is that you’ll need to find some sort of temporary housing before you even head out on the house hunt.


If you buy a home fist, your buying power may be less than if you sold your current home. Your debt-to-income ratio will be higher, giving you less money to spend on a new home.


While buying and selling a home simultaneously can be complicated, if you strategize correctly, you’ll be able to go through the entire process with ease.   

 



There are a number of steps involved in buying a home. One of the many important things you should do before closing on a new home is to get the house properly inspected.

Buyers sometimes avoid getting a professional inspection for a number of reasons. Some are on a tight budget and want to save a few dollars. Others have time constraints and want to close as soon as possible. And, many buyers believe that omitting an inspection is a way to show trust in the previous owner.

In this article, we’ll talk about why getting a home inspection is such an important part before closing on a real estate deal.

Inspection costs

Closing on a home comes with a number of expenses. Application fees, origination fees, underwriting fees… the list goes on. If you’re buying a home, you might be tempted to opt out of getting the property inspected to save money.

The cost of an inspection ranges anywhere from $200 for smaller homes, to $400 or more for large homes. However, the cost of not getting your home inspected can be much greater. Even if you’re knowledgeable when it comes to houses, there are a number of things that only the experts can diagnose.

Having a professional inspect the home is the only way to ensure that there aren’t any issues that will come back to haunt you (and your wallet) in the months and years to come.

Saving time

Many buyers are eager to close the deal and begin moving into their new home as soon as possible. Sometimes buyers need to vacate their old home before a certain date, others try to time their move around holidays or school vacations.

There are other ways, however, to make sure you get the house inspected in time. First, make sure you’ve included a home inspection in your purchase agreement. This will avoid wasted times debating whether or not you are entitled to inspect the home.

Next, call multiple inspectors in your area for quotes and availability. Delaying this step can make you lose time, and inspectors might charge you more if they have to squeeze you into their schedule.

The best time to schedule an inspection is as soon as your offer is accepted.

Maintaining a good relationship with the seller

It may seem like an act of diplomacy to waive a home inspection. In reality, however, nearly all sellers will understand that you are simply doing due diligence to make sure the process runs smoothly for both of you.

Sellers might sometimes offer you the findings of a previous inspection that they had done. In this case, it’s still important to have your own inspection done so that you can walk through the home with the inspector and listen to their feedback. You can’t be sure of the accuracy of any old reports, and the previous inspector is only accountable to the seller.


Having a home professionally inspected is almost always a good idea. It can save you time and money in repairs that could have been avoided.



Situated in the much sought after Linden area within a short walk to Express Bus to Boston is this spacious two family home. First floor features an open foyer, large living room, formal dining room (which could be additional bedroom), ceramic tile full bath, large eat-in kitchen w/laundry area and two large bedrooms. The second floor features a large eat-in kitchen, two spacious bedrooms, full bath, dining room (or additional bdrm), large living room and office/den. Laundry hook-up in back hall which leads to huge unfinished attic great for expansion possibility. All separate utilities. Conveniently located near bike path, stop and shop, revere cinema and easy access to all major routes. Beautiful yard with plenty of parking. Commuter open house, Thursday, September 6th from 5pm to 6pm. Open House, Sunday, September 9th from 12-1:30pm.

More Info on this Property | New Listing Alerts


47 Oliver St.,, Malden, MA 02148

Linden

Multi-Family

$670,000
Price

2
Units
3,108
Approx. GLA
Situated in the much sought after Linden area within a short walk to Express Bus to Boston is this spacious two family home. First floor features an open foyer, large living room, formal dining room (which could be additional bedroom), ceramic tile full bath, large eat-in kitchen w/laundry area and two large bedrooms. The second floor features a large eat-in kitchen, two spacious bedrooms, full bath, dining room (or additional bdrm), large living room and office/den. Laundry hook-up in back hall which leads to huge unfinished attic great for expansion possibility. All separate utilities. Conveniently located near bike path, stop and shop, revere cinema and easy access to all major routes. Beautiful yard with plenty of parking. Commuter open house, Thursday, September 6th from 5pm to 6pm. Open House, Sunday, September 9th from 12-1:30pm.
Open House
Thursday
September 06 at 5:00 PM to 6:00 PM
Commuter open house! Great two-family with room for expansion. Nice yard, close to everything. Directions: Lynn St. or Salem St., to Beach St., to 47 Oliver St.
More Open Houses
Cannot make the Open Houses?
Location: 47 Oliver St.,, Malden, MA 02148    Get Directions

Similar Properties




47 Oliver St.,, Malden, MA 02148

Linden

Multi-Family

$670,000
Price

2
Units
3,108
Approx. GLA
Situated in the much sought after Linden area within a short walk to Express Bus to Boston is this spacious two family home. First floor features an open foyer, large living room, formal dining room (which could be additional bedroom), ceramic tile full bath, large eat-in kitchen w/laundry area and two large bedrooms. The second floor features a large eat-in kitchen, two spacious bedrooms, full bath, dining room (or additional bdrm), large living room and office/den. Laundry hook-up in back hall which leads to huge unfinished attic great for expansion possibility. All separate utilities. Conveniently located near bike path, stop and shop, revere cinema and easy access to all major routes. Beautiful yard with plenty of parking. Commuter open house, Thursday, September 6th from 5pm to 6pm. Open House, Sunday, September 9th from 12-1:30pm.
Open House
Thursday
September 06 at 5:00 PM to 6:00 PM
Commuter open house! Great two-family with room for expansion. Nice yard, close to everything. Directions: Lynn St. or Salem St., to Beach St., to 47 Oliver St.
More Open Houses
Cannot make the Open Houses?
Location: 47 Oliver St.,, Malden, MA 02148    Get Directions

Similar Properties





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