Thank you for creating this video. We are currently in talks with a builder and plan on listing our home soon. Our home was evaluated at 125k above what we initially paid and we have also paid off a good chunk of the current mortgage loan. It seems like most realtors aren’t as interested with helping you build a home especially with certain home builders. They do seem very interested in listing our home. What gets me nervous is venturing into building our home with out a realtor and possibly regretting it. The builder we are considering does have a good reputation but I’ve heard bad stories from people building and dealing directly with the builder with out a realtor. I’m also noticing some realtors are obsessed with only showing you new construction from the builders they already have ties with. And many times these builders don’t build good quality homes. This can get a bit frustrating and it’s the reason we haven’t chosen a realtor to list our home yet.
I just bought my house a little over a year ago, plan on selling at the 2 year mark because family is growing as well as built up equity. Hard to find cut and dry answers to how the process will work. Thanks for the video and the info, still has me curious though. Putting a contingent offer on terms of my current house has to sell, feel like I'll lose out on houses I want because they don't want to wait or I can't really accept offers on my current house because I'll have no where to live if it's sold.
Hi , I have a question, I own the house , we have equity around half of the house , now we looking to move out of state, I found something there , my question is how hard is to get pre approve if your credit is not that good even you own the property and have lots of equity on your property? Am asking cuz my credit is not that good right now!! Thank you!!
I own my house and it is paid off and want to buy a new one that better fits my life now. I am in the middle of remodeling and want to sell it once I complete my renovations. Hopefully within the next year or two. What are your recommendations on selling and buying a new home outright?
Hard to say since you're a few years out but typically when buying/selling at the same time, the market is going to be the same for both which means there's not really a lot to consider other than whether or not it's the right home. Sorry not much help there
If the sale of yours and the purchase of the new property happen on the same day, are closing costs/realtor fees/down payment/etc all able to just be cut with different checks out of your sale equity that day?
My sis and I own a paid off house.. We are considering selling the house,splitting the money and if I move back east I can easily buy a home for $150k and perhaps have $ in the bank etc. How does that work The housr back east could be paid in full without and BS or extra crap. I just wana sell a CA house and take that money for a house back East.. Im sure much easier.. Its like buyin a new car straight up and avoiding the financial BS dept In terms of credit etc mine sucks so i a a 100% buyer with zero financing.. Probly an agents best dream..
When buying cash, credit isn't a factor....... There's not much to it other than finding thr right home and making an offer. Easy peezy. If you need a good realtor referral, let me know.
So what i am getting is a house in CA in escrow a lending company will accept it... But if i have my house for sale in CA but want the proceeds/cash to gp towards a new property say in TN its likely to be shot down
Not necessarily, if your home in California is in escrow you can make an offer in Tennessee contingent upon your house in California closing escrow. It can still be an all-cash offer but it would be contingent on the house in California closing
Nice vid. Found it by searching as I'm thinking of making some changes that involve this. I have a home in PA. I have about 50-60k in equity depending on a sell price obviously. I may be moving to AZ but need that 50-60 as a down as I have little savings due to life issues. I make decent $ and my FICO is better than it was when I bought this place I'm in now. Stressful AS Fk!.... add to it just moving. Selling what isn't going across the country, packing & loading up what is... and with 3 dogs by my self too. Uhg.
@@JebSmith Hi Jeb, thats a good question. How can one buy the new home when they need the profit from the home that is being sold to put as a down payment on the new home? I’m also moving out of state, and I want to ensure that im not homeless or paying rent to my buyers. Basically, how can I buy when I need the profit from the home I’m selling to use as a down payment...that would mean I would have to sell my home first, be homeless, then buy the new home? Im sorry if I’m not making sense.
@@ThePresentTimeNow same exact question. It is just hard to navigate how I am going to accomplish this with a family that needs a roof. It's intimidating to start the process because there's no real clear answer to how it goes. Put my current house on the market first, ok then if I get an offer, i can't really accept because I have nowhere to go. Then miss out on houses I want because they don't want to accept the time it'll take to sell my current house.
Thank you for creating this video. We are currently in talks with a builder and plan on listing our home soon. Our home was evaluated at 125k above what we initially paid and we have also paid off a good chunk of the current mortgage loan. It seems like most realtors aren’t as interested with helping you build a home especially with certain home builders. They do seem very interested in listing our home. What gets me nervous is venturing into building our home with out a realtor and possibly regretting it. The builder we are considering does have a good reputation but I’ve heard bad stories from people building and dealing directly with the builder with out a realtor. I’m also noticing some realtors are obsessed with only showing you new construction from the builders they already have ties with. And many times these builders don’t build good quality homes. This can get a bit frustrating and it’s the reason we haven’t chosen a realtor to list our home yet.
I just bought my house a little over a year ago, plan on selling at the 2 year mark because family is growing as well as built up equity. Hard to find cut and dry answers to how the process will work. Thanks for the video and the info, still has me curious though. Putting a contingent offer on terms of my current house has to sell, feel like I'll lose out on houses I want because they don't want to wait or I can't really accept offers on my current house because I'll have no where to live if it's sold.
Thank you for this video. Very easy to understand.
Glad it was helpful!
Hey do you have an updated video on this topic
I don't but I can do one
Hi , I have a question, I own the house , we have equity around half of the house , now we looking to move out of state, I found something there , my question is how hard is to get pre approve if your credit is not that good even you own the property and have lots of equity on your property? Am asking cuz my credit is not that good right now!! Thank you!!
I cant seem to find information on how to buy a new construction home while selling your old home. Do you get a construction loan?
If the home is already built then you just get a normal conventional loan.
I’m trying to build a new one while trying to sell my old home. Like by land and put a modular home on it.
I own my house and it is paid off and want to buy a new one that better fits my life now. I am in the middle of remodeling and want to sell it once I complete my renovations. Hopefully within the next year or two. What are your recommendations on selling and buying a new home outright?
Hard to say since you're a few years out but typically when buying/selling at the same time, the market is going to be the same for both which means there's not really a lot to consider other than whether or not it's the right home. Sorry not much help there
If the sale of yours and the purchase of the new property happen on the same day, are closing costs/realtor fees/down payment/etc all able to just be cut with different checks out of your sale equity that day?
My sis and I own a paid off house.. We are considering selling the house,splitting the money and if I move back east I can easily buy a home for $150k and perhaps have $ in the bank etc. How does that work
The housr back east could be paid in full without and BS or extra crap. I just wana sell a CA house and take that money for a house back East.. Im sure much easier.. Its like buyin a new car straight up and avoiding the financial BS dept
In terms of credit etc mine sucks so i a a 100% buyer with zero financing.. Probly an agents best dream..
When buying cash, credit isn't a factor....... There's not much to it other than finding thr right home and making an offer. Easy peezy. If you need a good realtor referral, let me know.
You were very helpful, you have no idea. thank you!
Glad it helped!
Very informative kudos
Thank you very much. Very informative.
What if they're buying a house in another state?
So what i am getting is a house in CA in escrow a lending company will accept it... But if i have my house for sale in CA but want the proceeds/cash to gp towards a new property say in TN its likely to be shot down
Not necessarily, if your home in California is in escrow you can make an offer in Tennessee contingent upon your house in California closing escrow. It can still be an all-cash offer but it would be contingent on the house in California closing
Good stuff I’ve been interested since a child on this info
Thanks.
Great advise. Thank you.
You are so welcome!
@@JebSmith New subscriber!!!
Nice vid. Found it by searching as I'm thinking of making some changes that involve this. I have a home in PA. I have about 50-60k in equity depending on a sell price obviously. I may be moving to AZ but need that 50-60 as a down as I have little savings due to life issues. I make decent $ and my FICO is better than it was when I bought this place I'm in now. Stressful AS Fk!.... add to it just moving. Selling what isn't going across the country, packing & loading up what is... and with 3 dogs by my self too. Uhg.
Thank you......Moving can definitely be stressful. Good luck!
@@JebSmith Hi Jeb, thats a good question. How can one buy the new home when they need the profit from the home that is being sold to put as a down payment on the new home? I’m also moving out of state, and I want to ensure that im not homeless or paying rent to my buyers. Basically, how can I buy when I need the profit from the home I’m selling to use as a down payment...that would mean I would have to sell my home first, be homeless, then buy the new home? Im sorry if I’m not making sense.
@@ThePresentTimeNow same exact question. It is just hard to navigate how I am going to accomplish this with a family that needs a roof. It's intimidating to start the process because there's no real clear answer to how it goes.
Put my current house on the market first, ok then if I get an offer, i can't really accept because I have nowhere to go. Then miss out on houses I want because they don't want to accept the time it'll take to sell my current house.
Great Video!
Thank you.
Youre killing me with those double adds, im UNSubcribing