Question:
“Hi Gary. I’d like to trade down from my house to a nice condo in the beach. If you find someone who’d like to trade, that would be great…”
Answer:
I’d love to help you but…
The odds of:
- you liking a specific condo AND
- that owner liking your specific home AND
- you being willing to pay their price AND
- that owner being willing to pay your price AND
- you qualifying for the loan AND
- that owner qualifying for their loan AND…
You get the idea.
There’s just so much that has to come together. In almost 30 years of real estate, I’ve only seen that happen once.
Better to list your home for sale (probably contingent on buying a home), find a buyer, then buy the home you like.
