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05-06-2005, 01:11 PM
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#1 |
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Confirmed User
Join Date: Mar 2003
Posts: 518
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buying and selling a home
I am selling my first house to move into my second house. I have found the house I want to move into, but my house hasn't sold yet. Is there anyway I can buy the new house with no money down if I have another house on the market?
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what?! |
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05-06-2005, 01:12 PM
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#2 |
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Confirmed User
Join Date: Jan 2001
Location: WA
Posts: 6,754
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Uhm... no
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05-06-2005, 01:25 PM
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#3 |
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Confirmed User
Join Date: May 2001
Posts: 2,098
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actually yes, their might be.
creative financing, seller concessions, and contingencies will all allow for this. contact your lender, and if they're not willing to work with you keep trying until you find one that is.
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gunner @tutamail.com 25 years in the jizz biz |
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05-06-2005, 02:50 PM
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#4 |
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Confirmed User
Industry Role:
Join Date: Dec 2001
Location: Portland, OR.
Posts: 6,034
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Yes, Some types of bridge loans can handle this transaction.
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ICQ: 52344098 -------------------------------------- 50% Commissions on all Product Sales. http://www.wishing.com/money |
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05-06-2005, 02:52 PM
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#5 |
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It's coming look busy
Join Date: Mar 2001
Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn".
Posts: 35,299
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Why does this thread sound like a pitch for some late night real estate infomercial?
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05-06-2005, 03:23 PM
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#6 |
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Too lazy to set a custom title
Join Date: Apr 2004
Location: LA
Posts: 11,190
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Yes and no.
Best thing to do if you can't get the 0 down is go into the new house with a minimum down payment and an only interest loan. Make sure there is no pre-penalty and no fines if you refinance it right away. Then when you do sell your house, refinance with a better loan. Good luck, if you need some good loan brokers I have a few. [email protected]
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05-06-2005, 03:29 PM
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#7 |
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Too lazy to set a custom title
Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
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it can be done. a friend of mine was in the same situation and he was able to buy the new house by only paying the closing costs. He is now renting the old house out so he still owns both. It can be done, but it takes a lot of effort. One of the things that helped him is that he has perfect credit
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05-06-2005, 03:31 PM
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#8 |
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Too lazy to set a custom title
Industry Role:
Join Date: Mar 2003
Location: Homeless
Posts: 62,911
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The best thing to do, is way the fuck over price your house. Then someone will offer under what you asked, but probably well over the market. Then buy the other house.
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PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME! |
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05-06-2005, 03:37 PM
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#9 |
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There can be only one
Industry Role:
Join Date: Aug 2001
Location: Somewhere else
Posts: 39,075
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You make an offer on the new house contingent on the sale of your current house. No sale, no buy.
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SIG TOO BIG |
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