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Real Estate
Reply to "first time selling and buying at same time - how do I start?"
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[quote=Anonymous][quote=Anonymous] No matter what, you're going to be hemmoraghing cash for a while. Moving is expensive! Good luck! Where are you now and where do you want to be? [/quote] Thanks so much, everyone. We're in Chevy Chase DC in a classic 3 BR center hall colonial. We've done a lot of work - kitchen and 3 bathrooms - so with some fresh paint I'd call it move-in ready, and this neighborhood is always desirable. We are just ready for something bigger with an open floor plan and family room off the kitchen. We looked into adding on but it would be $200k, might make ours one of the most expensive on the street (we're on a somewhat busy street so less desirable than elsewhere in the neighborhood) and would still not make this house my dream home. Maybe I'm delusional, but I think our house would be super-desirable to someone who wanted to get into this neighborhood, didn't want to buy a dump and do a lot of work, and couldn't afford the $1M places on quieter streets. Anyway, I'll definitely investigate bridge financing more carefully and talk to several agents about how fast this house could move. More feedback welcome.[/quote]
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