In deciding upon a selling price, a home-seller must establish a balance between
the desire to draw the highest offer and finding a price that will be reasonable enough to
attract an appropriate pool of prospects, and competitive offers.
Not only are there mortgage installments and the down payment to consider, there are a host of other—sometimes unexpected— expenses to add to the equation. The last thing you want is to be caught financially unprepared, blindsided by taxes and other hidden costs on closing day.
If you are considering looking for a new house, and are a current home-owner, then chances are you’re wondering what your strategy should be: do you wait to find the perfect new home before you put your current home on the market, or do you sell first and then look around?