Hey, what’s going on family? This week’s question is, Should I sell my current home first before buying a brand new house? The magic answer is there’s no magic answer. It’s really depending on you and your financial situation. What I would strongly recommend you to do is talk to your financial advisor or your mortgage broker to see what you need to do if you need the equity 100 home to be able to purchase a second home or your new home, then you might have to sell but if not some people what they do is they keep their current home as an investment property and they use the rental income as an income and on top of their actual income to get approved for a higher amount.
Now, that may not be the case for you, but if you can afford to keep the house you can. Another thing I would recommend you do is to talk to your real estate agent. if you don’t know of one, I hear this guy’s pretty good, talk to them and see if it’s a seller’s market if it’s a strong seller’s market see how much you can sell the house for, and if you can get good dollars for it, might as well, right?
