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Updated almost 8 years ago on . Most recent reply

User Stats

207
Posts
267
Votes
Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
267
Votes |
207
Posts

Steps in the process

Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
Posted

Good morning BP,

I am thinking about selling my Boston SFR for a MFR in Norfolk Va. A couple questions that I have are as follows:

When should I inform a QI that I intend to execute the exchange?

- We intend to place the house on the market in July.

Can I get a clause put into the contract, ie pending sale of Boston house all proceeds will be re-invested into the purchase of the said property? This is so I can at least have a house on contract until the Boston house sells.

Do I need to get pre-qualified for the buy just like a normal investment purchase?

How early in the process can steps be executed and can they be executed out of order?

Anything else I should be thinking about?

Thank you.

  • Johnny Quilenderino
  • Loading replies...