From: "Bubba" 
Newsgroups: alt.real-estate
Subject: Re: Selling and Buying a home
Date: Thu, 1 Dec 2005 09:50:05 -0500

Thank you Paul. Now at least I can check on this type of financing. We have
lived here so long that I'm not familiar with this type of thing. Thanks for
your help.

Dan

"Paul"  wrote in message
news:10vso1pqmvlhn7agqu4v314hn7hoik3scp@4ax.com...
> On Wed, 30 Nov 2005 18:06:27 -0500, "Bubba"  wrote:
>
> >I have a question. I have a home with a value around 140,000. I would
like
> >to retire and move and buy another home. The problem is, any money I have
to
> >do this is in my current home. How do I sell my home and buy something
> >somewhere else?
> >
> >Thanks for any help in this matter.
> >
>
> You can make an offer on a new home contingent on the sale of current
> home.  Most sellers are going to want some earnest money.
>
> If you have some equity in your current home you can get a bridge or
> swing loan against this equity to put down on a new place.
>
> The best thing to do in my opinion is put your current home on the
> market and once you get an offer, look for a new home.
>
> Paul