The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Have you ever bought a house while selling one? how tf do you do this
Poast new message in this thread
Date: June 7th, 2025 3:40 PM Author: Sienna geriatric theater boiling water its seems bonkers and fucking insane, and they are in diff cities (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995062) |
Date: June 7th, 2025 3:41 PM Author: tan set What's so hard exactly? (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995064) |
 |
Date: June 7th, 2025 3:47 PM Author: Sienna geriatric theater boiling water if your using the sale of your first place to finance the second, but the first is not selling and the sellers of the second want you to sign a contract to buy theirs, and all that, just seems bonkers the last time I bought I was in a rental and just moved into my new bought place like np (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995081) |
|
Date: June 7th, 2025 3:48 PM Author: tan set Lol at poormos (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995085) |
|
Date: June 7th, 2025 3:48 PM Author: Sienna geriatric theater boiling water indeed (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995087) |
|
Date: June 7th, 2025 3:50 PM Author: soggy prole house It’s insanely stressful. I would tell the sellers you are thinking of buying from to fuck off. Sell your current house. Then make your move. Don’t try to have two houses at once. (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995090) |
|
Date: June 7th, 2025 3:53 PM Author: Sienna geriatric theater boiling water i fear having no where to go and if I go to a rental in the new city, i have to sign a year lease, but i have to gtfo of the starter home I am currently in because its a fucking nightmare (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995095) |
|
Date: June 7th, 2025 3:56 PM Author: Fishy sickened locale mood Lmao I made a thread about this. It’s one of the hardest things I’ve ever done and if I do it again I’m gonna make sure I have enough to buy the next one as if I don’t already own one. I am buying on contingent and the sellers bought on contingent. One wrong move and this all falls apart.
OUR buyers were originally contingent but I couldn’t handle the stress and I axed them before contract for an all cash buyer at 10% less just to get this done. |
|
Date: June 7th, 2025 4:26 PM Author: Passionate chapel regret 10% is a lot of fucking money in a real estate sale (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995135) |
|
Date: June 7th, 2025 4:44 PM Author: Sienna geriatric theater boiling water oh shit (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995154) |
|
Date: June 7th, 2025 3:57 PM Author: Stimulating Shaky University Famous Landscape Painting I'm on my 3rd, kept the other 2 and rent them out. (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995098) |
|
Date: June 7th, 2025 4:45 PM Author: Sienna geriatric theater boiling water considered having starter home as rental but then I must get mortgage (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995156) |
|
Date: June 7th, 2025 4:02 PM Author: comical slate potus I have done this interstate several times. Yes, it can be stressful if the old house does not sell, and I have been stuck with houses that wouldn't sell promptly three different times. Either you have enough money and income to self finance both or you get a bridge loan. Bridge loans are common, but they cost, of course. Also, if the seller is willing, you can make a purchase contingent on sale of a prior house. That doesn't speed anything up, but it's less risky, though the option is usually not available during hot market periods and you run the risk of someone without a contingency buying it out from under you. If you must move and don't want to take the risk, rent at the destination. (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995102) |
|
Date: June 7th, 2025 4:47 PM Author: Sienna geriatric theater boiling water i am starting to lien towards renting (see what I did there). but seriously yea, maybe i get rental at new city fml why is life so complicated (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995158) |
|
Date: June 7th, 2025 9:08 PM Author: comical slate potus I wish I had done that in a couple of situations, but wife was pressing for dat home ownership. (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995692) |
|
Date: June 7th, 2025 4:05 PM Author: razzle shivering stage candlestick maker i dont get why people dont just buy the house they want to live in the first time around. (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995106) |
|
Date: June 7th, 2025 4:18 PM Author: Fishy sickened locale mood (Never been touched) (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995126) |
|
Date: June 7th, 2025 4:22 PM Author: razzle shivering stage candlestick maker huh (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995130) |
|
Date: June 7th, 2025 4:48 PM Author: Sienna geriatric theater boiling water and why dont people just jump? (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995160) |
|
Date: June 7th, 2025 6:38 PM Author: Buff police squad international law enforcement agency I did this during Covid. Bought a house from a builder who said 11 months to build. So stayed in current home till it was built. Both homes appreciated during this time, so that part was great. Once new home was built, we moved in. Then sold old house. Time from moving into new house to selling old home was about 2 months all in. Had to get some work done. The seller realtor also kinda screwed me by not doing what she promised and generally pressuring me to take the first offer. What a cunt. But overall it worked out.
You are right to think that this is incredibly stressful. You will definitely get screwed by one or both of the realtors. But that's just the cost of doing business in good ol USA.
|
|
Date: June 7th, 2025 8:26 PM Author: Sienna geriatric theater boiling water sounds 180 (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995611) |
|
Date: June 7th, 2025 8:32 PM Author: lemon confused idea he suggested multi-billionaire Just buy the new house in cash, what's the issue here (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995634) |
|
Date: June 7th, 2025 8:44 PM Author: Sienna geriatric theater boiling water houses in new city are 3x more expensive that the land of my starter house (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995658) |
|
Date: June 7th, 2025 9:53 PM Author: lemon confused idea he suggested multi-billionaire Kind of irrelevant, just buy new house in cash, move in, sell old house at leisure. (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995793) |
|
Date: June 7th, 2025 9:30 PM Author: Bull headed yarmulke I did it and it wasn't fun. It helps if you have enough money/income to buy the second house outright, without selling the first. That's what I did and I moved half of the stuff to the new place which made painting the old one easier and also left it uncluttered so it could be stagrd nicely. It did cost extra property taxes/interest for the months of overlap, but I got top dollar on the sale. I don't think I'd ever buy or sell on contingency. Too much to go wrong and you have no leverage. (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995754) |
|
Date: June 7th, 2025 9:40 PM Author: free-loading cumskin jew Did this right before Covid, and it was the most stressful time of my life. We sold our house in 1 day but everything still got fucked because of the 2 week lag between closings and other unforeseeable bs. Original mortgage fell through, had to get a new lender at the last second. Almost was without a house. In hindsight we should've kept both houses. (http://www.autoadmit.com/thread.php?thread_id=5734636&forum_id=2).#48995777) |
|
Date: June 7th, 2025 9:47 PM Author: marvelous salmon pistol indirect expression i don't typically call old hls a faggot, but what a bunch of faggots in this thread it's not stressful you put in an offer on a house and make it contingent upon selling your own house the seller of the new house either agrees and gives you a time limit or doesn't if your dumb ass stresses over not making the time limit, then you shouldn't put the cart ahead of the horse |
|
Date: June 7th, 2025 10:00 PM Author: Canary Legend The buying part isn't so bad but having to drop everything and get the house 'show' worthy suck ass. We had a baby and a toddler. It was a nightmare.
When we moved I ended up paying the new owner a few hundred for an extra couple of days until our new house was ready. |