BUYING
Can I buy a home before selling mine?
Possibly. The important questions are qualification, available cash and how much overlap you can carry.
THE BROKER TEAM · ENRIQUE PELAYO JR.
Separate equity from available cash
Having equity does not automatically make it available for a down payment. A lender must evaluate the proposed financing, existing obligations and timing. Do not make a purchase commitment based only on a rough equity estimate.
Give the plan a stress test
Compare the expected overlap with a longer sale period and a lower net sale outcome. Include utilities, insurance, maintenance and moving expenses. Establish how much reserve you want untouched.
Keep a fallback
A purchase contingent on your sale or a sale-first sequence may better fit your circumstances. Enrique can compare those tradeoffs with you and coordinate the real estate timeline with your selected lender.
Make it practical
- Confirm qualification with both properties carried.
- Identify the actual source and availability of purchase funds.
- Model a longer sale period and lower sale proceeds.
- Keep a reserve that the plan does not depend on spending.
Put the dollars beside the decision
Compare the cash needed, ongoing costs and timing under each option. Enrique can help identify which terms deserve negotiation and what needs confirmation from your lender or settlement provider.
This is a starting point for a conversation. Property, financing, tax and legal details need individual review before you act.
How does this apply to you?
Tell Enrique what you’re considering. We can put the relevant options side by side and identify what needs to be confirmed.
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