Traditional Real Estate Transaction Question

[Bill Mitchell]

If the seller of the house has a mortgage on their property, and is looking to move to a new house. How do you structure it smoothly so:

1. The seller doesn't end up with two mortgages (one on their current house and one on the house they are buying)
2. When do you advice the seller to move? When the buyer has enough money down in escrow?

Thanks for the help guys. I don't know how this stuff works. The first house I ever got was a deed transfer from my folks and I bought my own shortly after in cash and rented out my old house.