The average price of a home increased 6.2% from November, 2016, to November, 2017. Prices are averaging close to $700,000.00. More significant is that inventory of available homes has plunged to a 5 year low in the past few months.
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Listing your current home for sale while purchasing a new property can be a real challenge if you don’t have all your ducks in a row. Unless the closing dates between the two deals coincide perfectly, there’s always the chance of either carrying two mortgages or being stuck without a place to live until the deal on your new home purchase closes. To ensure everything runs seamlessly, a few steps should be taken. Here are some factors to consider when buying and selling a home simultaneously.
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