Tight inventory forcing sellers to make double moves

Despite inconvenience, setup offers benefits when buying replacement home

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It’s nice to know where you’ll be living next before you let go of the home you’ve been comfortable living in for years. However, not only is this not possible for most repeat homebuyers, it may not be the most financially prudent approach.

Lender tightening in recent years has made it difficult for most buyers to buy a new home before selling the old one. This may not be the case for homeowners who have plenty of cash for a down payment on a new home and plan to keep the current home as a rental property.