LCG's Floodplain Management division is lowering rates for the nearly 8,000 properties that carry flood insurance within Lafayette Parish. In 2021, these properties will see substantially
What’s the “Selling Your Home Chicken-Egg” Puzzle?
Dated: September 4 2018
Views: 130
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
1720 Kaliste Saloom Rd Suite B-2
Lafayette, Louisiana 70508
Ted M. Daigle | Realtor
995694847
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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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