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What options exist to secure a house one wants to purchase while waiting to sell one's current home?
Wiki User
∙ 16y ago
Make an offer that includes a contingency of sale of existing house by a certain date.
Buy an option to purchase the house (take it off the market) for a modest fee, to expire in a short time.
Borrow a bridge loan to cover payments on both houses until you sell the one you already have, then buy the second home with a new mortgage and pray you don't get stuck with three loan payments for very long.
Wiki User
∙ 16y ago
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