Re: Purchasing Before Selling
Run the numbers. -- all the numbers.
Can you afford both homes? --for how long? If you can afford two homes for what could possibly be a long time, ask yourself how long you want to use your money in that way.
If you are feeling rushed into buying, step back a bit and take a deep, deep breath.
Do what is called the "Ben Franklin" by listing all the pros and cons. This includes going beyond just doing the math. List everything associated with owning two homes that you can think of. --all the disadvantages but all of the advantages, too. See how your lists work out and take it from there.
It's different for everybody. Know thyself.
Good luck with your decision.
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Pogo was right.
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