If you buy new you may qualify for what is called a bridge loan. Once you have an accepted offer on your house and your equity is tied up they give you a loan on your equity and you are able to buy a new home. Can't give you the details but we were in a similar situation and were able to buy our new home and move in just a few days after our other home closed. We worked with the Villages Realty and they set it up through Citizen's Wholesale Mortgage.
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