Janna Herron USA TODAY Published 7:07 AM EDT Jun 6, 2019 Buying a home is stressful enough in today’s housing market. Try adding the extra pressure of selling your current home, too. Many homebuyers face this two-step transaction, whether they are relocating for a new job, upgrading to a new home or downsizing in retirement. Last year, 89% of repeat buyers sold or planned to sell their previous home, according to the National Association of Realtors. The key is to understand how the market is going, know your financial limitations and have plans for bumps in the road ahead of time, real estate experts say. “It’s a balancing act,” says Susan Staffordsmith, a real estate agent with CENTURY 21 Action Plus Realty in New Jersey. “It’s our job to make sure clients minimizes costs. They don’t to pay for moving twice or for storage. These things can add up to the thousands.” Here’s what you should know. Can you carry two homes? The first question that sellers who also want to buy should answer is: Can you afford to carry two homes if you don’t sell yours first? Those who expect to get a mortgage for the second home and… Read full this story
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