What’s the best way to tackle today’s difficult market? Today we’ll discuss a few solutions to help you transition homes when selling your current residence proves difficult.
In today’s market, some are finding it difficult to schedule showings for their listings. Does that mean this is the top of the market? Is this a stall? No one really knows, but there are solutions to these problems regardless of what they indicate.
Whatever your situation may be, you can rest assured that there is a path to success for your real estate goals.
If your home is currently on the market and difficulties with selling are creating delays as you attempt to move into your next home, one solution you might consider is converting your current property onto a rental.
Doing this frees up your debt ratio and gives you the ability to proceed with your next home purchase.
There are a number of favorable solutions you can use to navigate difficult market conditions.
But there are also a number of other workarounds you may utilize to finance your next home purchase if you choose not to use your rental proceeds toward the down payment. VA or USDA loans are great options if you are eligible.
Or if the departing residence has equity in it, you could consider putting a second mortgage on the property to use as leverage your next home purchase. Ultimately, there are a number of favorable solutions you can use to navigate difficult market conditions.
If you have any other questions on a Jumbo home loan or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
