Reply to Thinking of Renting an Apartment While We Sell Our House

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[quote=Anonymous][quote=Anonymous]We are in the 20878 zip code and moving into D.C. - our jobs and kids' private schools are in D.C. Although we have a cleaning person come in every two weeks, my family is very disorganized and I'm worried that they would not keep the house organized/decluttered enough for the home to show at its best. So I'd prefer to empty the house, have it staged and then, we could wait to see what it sells for and determine what our budget allows to purchase in D.C. within the next year. If anyone has done this, how did it work out?

Thanks.[/quote]

Why not buy first and then move into new place and sell old place? I think your plan works too. The potential negatives:
- moving twice
- dealing with early termination of apartment if you find a place that doesn't match with end of lease. 
- market moves during your rental. If interest rates go down and house prices spike for that or other reasons, you are kind of out of lucky. Buying and selling at the same time is a hedge against any market volatility. [/quote]

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