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URL:  http://boards.fool.com/we-closed-on-our-old-house-six-weeks-before-we-18312203.aspx

Subject:  Re: Home building contract question Date:  12/18/2002  4:29 PM
Author:  goohsmom Number:  29976 of 128688

We closed on our old house six weeks before we moved into the new one. In no way were we ever thinking about asking the new buyers to wait six weeks, since THEY were selling a house that they had to leave. We simply found an apartment for six weeks, and moved twice, essentially, putting most of our stuff in storage for a couple months. A pain, but you do what you can to preserve the deal.

At the other end of the spectrum, when we bought our house, the sellers had waited to put there's on the market until their new home was almost ready, and ended up having to offer quite a few concessions on the house just to keep from having two payments while trying to sell. A lot can depend on the market. I would think the inconvenience of having to live in temporary housing for 6 weeks or so would be better than having to make two payments while hoping your old house will sell soon.

Again, just my .02

Pam
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