The Motley Fool Discussion Boards
Personal Finances / Buying or Selling a Home
|Subject: Re: Am I Crazy? Buying a house while selling ano||Date: 6/18/2012 6:04 PM|
|Author: YewGuise||Number: 123053 of 128403|
...received one offer but it was below our asking and we passed on it.
Why didn't you make a counter-offer?
We ... fear selling without having lined up our next place.
(1) Worst case, you rent for a while. Kind of a nuisance to move twice, but not a financial disaster, which buying before selling could be.
(2) Since you're willing to buy a fixer-upper, you won't have trouble finding another place if this one gets away. So many people want "move-in ready" that you'll have little competition when bidding on any place that needs work.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|