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

Dated: September 4 2018

Views: 158

 

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. 

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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

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www.listingwithted.com

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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....

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