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Licensed real estate agent Alyssa Martin of Nest Seekers International in New York City explains that that is one benefit of working with a much bigger company. Melinda Sineriz is a author residing in Bakersfield, CA. She writes about personal finance and real property for several websites and companies. Even when you do qualify for 2 mortgages, that doesn’t imply you’ll be comfortable doing so. If the very idea of stressing your finances like this makes you break out in a cold sweat, consider including a home sale contingency to your own home purchase contract. This contingency provides you a set quantity of weeks or months to promote your present house before your new house purchase goes via—thus shopping for you some much-needed time. You’re confronted with sorting via the contents of your current home, which tends to be a time-consuming and emotional ordeal. Buying a new residence earlier than selling gives you time to sort through your belongings and simplify the method.

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