What Are the Pros and Cons of Buying New Home Before Selling the Old One?

What Are the Pros and Cons of Buying New Home Before Selling the Old One?: "Many homeowners can't afford to seriously shop for a new home until they have found a buyer for their existing home. They simply can't qualify to carry two homes at once. But even if you can qualify to own two houses at once for a short period, is it wise to take this approach?
There are certain advantages to buying first. You know where you'll be living next, when you can take occupancy and how much you'll be paying."

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Buying a Home Foreclosures

What Should You Watch Out for When Buying New Home?

What Should You Watch Out for When Buying New Home?: "New homes often cost more than used homes. However, new homes can be less expensive in the long run because they usually require less maintenance and are more energy efficient than older homes. New homes can also be easier to live in, with their modern floor plans and state-of-the-art amenities that are often lacking in older homes.
But living in a new home development isn't for everyone. Typical complaints are that homes in developments lack architectural diversity and mature landscaping. "
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Buying a Home Foreclosures

Should You Buy a New Home Before Its Completed?

Should You Buy a New Home Before Its Completed?: "Imagine this: You hunt for months for the prefect home to buy, but nothing meets your fancy. You're exhausted from touring tired-looking listings, mentally calculating the expense and hassle of redoing tasteless interiors.
About to give up, you discover this home For Sale ad headline: New home under construction; prime opportunity for buyers to choose colors and finishes. Sounds like a dream come true.
A few months later, you're in contract to buy that new home, wondering if you made the right move. You thought you'd be able to pick the paint colors--inside and out."

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Buying a Home Foreclosures

Is it Better to Remodel Your Existing Home or Buy a New One?

Is it Better to Remodel Your Existing Home or Buy a New One?: "The quest for more space eventually drives most first-timers out of their starter homes. But if you like your current home, and you're happy with the neighborhood, you may want to see if it's possible to remodel your existing home to make it better suit your needs. It could be less expensive to remodel than it would be to move. "

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Buying a Home Foreclosures