Benefits:You'll have a buyer for your house in hand before you purchase another one. And if you find a buyer without a real estate agent, you can avoid a sales commission.
Drawbacks: Finding a match offering exactly what you are looking for can be a long shot. You do the work of scouring listings, posting your home on websites and e-mailing potential buyers and conducting showings.
Tips: Both parties should be pre-approved for a mortgage.
• Follow all the conventional steps of buying and selling a home including full disclosure, property appraisals and inspections.
• Hire a real estate agent or attorney to guide you through the sale process.
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