Home > Stay at Home Dads Things to Consider When Buying and Selling a Home Simultaneously
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There is no doubt that to buy your own house can be a bittersweet experience. Once you enter into the sweet home, you will feel like a world of independence. But at the same time, you want to sell out your old one, which creates a lot of stress in your mind. Now, if you're planning to sell your old home first, then purchase a new one that it will create under time pressure to find another house quickly. And, if you don't find a new home, then you have to make your stay in a hotel room and for that, you have to pay extra money until you don't find another one.
On the other hand, if you buy first, then you will have to scramble to sell you old one as you need maximum price in order to make the down payment on the new one. So, there are many things to consider when purchasing a new home and selling your current home. Undoubtedly, both buying and selling simultaneously brings up a whole new set of challenges, but who plans everything in advance, they can make it happen smoothly. We are providing some of the key points that help you in your planning
Yes, it's true that buying and selling the home, both are stressful work. And when you do both at the same time, then the experience is super stressful. You have to be very strong, it means you have to face many problems regarding this. Talk to those persons, who have already done this stressful task. They will tell you each and everything.
Meet with your Real Estate Agent
It's important to meet with your agent and also with the buyer's agent early and tell about your planning. They will definitely suggest you more things, which are beneficial for you. Moreover, you can also do online searching that will help you to guide you. but, it's better to go for a local agent, who knows the market rate very well.
Know about the market where you want to buy
After getting the maximum price of your old home, it's time to work on the purchase side. First, know about your requirements, priorities and much more things you have to be considered. Moreover, you have to understand the market, where you want to purchase, whether it's more or less competitive. If you're just moving outside your area, you need to ask your agent to refer another one, who have a great knowledge about the area.
Know your Budget
Once you know about the market, then it's time to know your financing options. Make your conversation with the local mortgage or discount broker and understand what type of requirement you need to make a purchase.
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US Secretary of State John Kerry (left) applauds after Chinese President Xi Jinping delivered a speech at the opening ceremony of an annual China-US strategic and economic dialogue in Beijing Wednesday. The two countries vowed Wednesday to improve their economic and security cooperation despite differences. Photo: AFP
Chinese and US leaders Wednesday renewed calls to seek cooperation over confrontation at a high-level annual meeting, in an effort to reverse a downward spiral in bilateral ties over the past months.
The sixth China-US Strategic and Economic Dialogue (S&ED), which runs until Thursday in Beijing, saw candid discussions between senior officials on a wide range of issues, covering cyber security, maritime disputes, nuclear non-proliferation, and a more level playing field for US goods and services in the Chinese market. There was also progress on climate change cooperation.
Addressing the opening session, Chinese President Xi Jinping warned that a confrontation between China and the US would be "a disaster" to both countries and the world.
Noting there is no existing experience or model for building a new type of great power relations, Xi said it is not surprising to see difficulties or even turbulence in bilateral ties.
"The problems are not something to be afraid of. It is critical that we tackle those problems together instead of being led by them," he said.
The S&ED comes at a difficult period in China-US relations, due to Washington's criticisms over Beijing's handling of maritime disputes with its neighbors and its indictment of five Chinese military officers over so-called cyber espionage.
At the dialogue, the US tried to reassure Beijing of its intentions. In a letter to delegates, US President Barack Obama said, "We remain determined to ensure that cooperation defines the overall relationship."
US Secretary of State John Kerry, co-chair of the strategic track of the dialogue with Chinese State Councilor Yang Jiechi, also reiterated that the US was not seeking to "contain" China.
"I can tell you that we are determined to choose the path of peace and prosperity and cooperation, and yes, even competition, but not conflict," he said.
Proposing methods to stabilize bilateral ties, Xi said the two countries' judgments over each other's strategic intentions will have direct impacts on their policies and ties.
"We shouldn't make mistakes on this fundamental issue, or there will be repeated mistakes," he warned, while clarifying that China is sticking to a path of peaceful development.
Zhou Qi, a research fellow with the Institute of American Studies at the Chinese Academy of Social Sciences, said Xi's proposal got to the nub of recent tensions between China and the US, in which misunderstandings of each other's strategic intentions had accumulated.
"Noises [against bilateral cooperation] in both countries and the complex situation in the region led to ambiguous perceptions of each other's strategic intentions," said Yu Wanli, a professor of international relations at Peking University.
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