So, you are ready to go out and find that perfect home this weekend. You have spent hours looking over the possibilities, and now you are ready. But wait, are you really?
Sometimes the thrill of the hunt for a new home is so intense we forget little things like current leases. Unless you want to pay for a lease and a mortgage at the same time, we will need to back up our home search until we are closer to your lease end. Some overlap should be fine because new mortgage payments generally are not due for over a month.
Also, in today's market, the home you fall in love with today will likely be gone tomorrow. There is no sense in getting excited about a home unless you are prepared to make an offer right away. Make sure you discuss your current living arrangements with your Realtor and make sure you understand the timing of events when you buy. It really is all about timing!