Dragana Damin - Tarrant County REALTOR®

it all depends on the type of debt and your interest rate. For example, if you have a low-interest student loan, you can probably start saving for that down payment. But if you're paying off a high-interest credit card, then you'll probably want to tackle that before you save money. I highly recommend talking to a lender to get a better understanding of your specific situation. The answer for you will depend on your goals and priorities.

Whether or not you should buy a new home before selling your existing home is a personal choice. Having a new home lined up gives you peace of mind when selling, and you can move out on your own time. It also prevents you from lining up temporary housing (and having to move twice), which can be a pain. That said, you may get stuck paying two mortgages at once. This can be a problem if your sale takes longer than expected.

The first step in deciding your home’s list price is to get a comparative market analysis (CMA). You can do this yourself, but most people get their real estate agent to do it.

The exact time it takes to sell a home depends on a few things, including: The time of year you’re listing: Homes tend to sell faster in the spring and early fall. Conditions in your local housing market: Homes sell faster in a seller’s market, when there is low inventory and high demand. The condition of your home: Homes in great condition may sell faster than homes that need more work. How the buyer is financing: If a buyer needs to take out a mortgage, this may slow down the process. Financing deals usually take an average of 42 days to close, whereas cash deals take only one to two weeks. The longer your home is on the market, the more money you lose. You’ll still have to pay your mortgage, taxes, and utilities until the buyer officially closes.