buying contingent on our house selling

Hello, I’m looking for some advice.

My wife and I have been handed an opportunity to buy a house. We’ve been slowly upgrading our current house (house A) and dragging our feet on looking, but this fell into our lap.

The sellers have agreed to sell us the house (house B). No contract has been signed yet, but high degree of belief.

The bank has approved a home loan to us to cover the cost of the new house. The terms of the loan include that we need to put 20% down. We won’t have the 20% until we sell our current home.

We would like to do this ourselves but don’t have a our our experience, and the timing aspect concerns us.

House B is empty, we could sign the papers and move in tmrw, theoretically, if that matters.

Can we figure this out ourselves, or do we need to hire an expert?

Thanks!

submitted by /u/scothc
[link] [comments]

Hello, I’m looking for some advice. My wife and I have been handed an opportunity to buy a house. We’ve been slowly upgrading our current house (house A) and dragging our feet on looking, but this fell into our lap. The sellers have agreed to sell us the house (house B). No contract has been signed yet, but high degree of belief. The bank has approved a home loan to us to cover the cost of the new house. The terms of the loan include that we need to put 20% down. We won’t have the 20% until we sell our current home. We would like to do this ourselves but don’t have a our our experience, and the timing aspect concerns us. House B is empty, we could sign the papers and move in tmrw, theoretically, if that matters. Can we figure this out ourselves, or do we need to hire an expert? Thanks! submitted by /u/scothc [link] [comments]

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