What’s the “Selling Your Home Chicken-Egg” Puzzle?

Dated: September 4 2018

Views: 446

 

Answering the Selling Your Home Chicken-Egg Riddle

Especially when the market is moving briskly, selling your Lafayette home can put you up against a chicken-egg quandary. “Which came first?” is as unanswerable today as when we argued about in the second grade—yet when a key decision about selling your home depends on answering a similar puzzler, it’s anything but whimsical.

The metaphor is almost exact. If you know you will be buying a new house but haven’t yet sold your current Lafayette home, which comes first?

As for the new purchase, the universally agreed upon best practice for house-hunting is to be able to produce a lender’s preapproval for X dollars.

So selling your Lafayette home has to come first, right?

But if you need to have sold your home before you get serious about finding a new one—what if the tight market means it may take a while to find the right home at the price you’re looking for? Selling your current home usually means committing to moving out at a date that’s fast approaching!

So that means locking up the new home comes first, right?

The answer is to have faith that—unlike the chicken-egg riddle—generations of Lafayette buyers and sellers have successfully solved the dilemma. It involves a number of working parts including the particulars of your current financial profile, a formulation of the post-sale net proceeds, and a properly constructed pre-approval letter that will be contingent on the successful closing. 

==============================

Buying? ➡️ bit.ly/3bsanGy

FREE Home Evaluation ➡️ bit.ly/3eEQWvQ

==============================

Ted M. Daigle eXp Realty

Ph. 337-243-6108

ted.daigle@exprealty.com

1720 Kaliste Saloom Rd Suite B-2

Lafayette, Louisiana 70508

Ted M. Daigle | Realtor

995694847

www.337homesearch.com

==============================

 

www.listingwithted.com

Blog author image

Ted Daigle

About Ted Daigle – Realtor Growing up in Church Point, LA instilled values of hard work and dedication, which has carried over into every aspect of his life, including real estate. This Lafayette r....

Latest Blog Posts

Why Selling Your Lafayette Area House with a Real Estate Professional Is Essential

Why Selling Your Lafayette Area House with a Real Estate Professional Is EssentialSelling your house is no simple task. And when you sell on your own – known as a FSBO (or For Sale by

Read More

How to Save Money on Your Monthly Home Costs

Did you know that the average American homestead spends just over $17,000 a year on home-related costs? That breaks down to around $1400-$1500 per month. If you’re looking at that number and

Read More

Your Acadiana House Could Be an Oasis for Buyers

Sellers: Your House Could Be an Oasis for Buyers Seeking More OptionsSellers have a great opportunity this season as buyer demand still heavily outweighs the current supply of Acadiana homes for.

Read More

Important Distinction: Acadiana Homes Are Less Affordable, Not Unaffordable

Important Distinction: Homes Are Less Affordable, Not UnaffordableIt’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home

Read More