You found a Maine home you are some kind of excited about, want to move, relocate to as quick as possible.
But the one you already live in, are paying for has to be sold first. How do you get the new Maine home of your dreams available now but not have to struggle with the juggle of two house payments?
If a property bridge loan and carrying two places while waiting for one to sell is even a financial option for your pocketbook.
Timing in life is everything.
To expect the seller of the new Maine home listing to just park it, wait for your place to get staged for the market and sold is not realistic.
Now that porperty owner is waiting on two places to sell. Yours, then his. It all takes time. That mortage loan underwriting process if a Maine bank is involved usually eats up to eight weeks alone on the first home sale. Before the "next" is hollered.
The Maine real estate seller rightfully reasons what if a buyer comes along waving cash, I should not ignore, put him off right?
If a home purchaser who already saw the place before his "gotta sell my place first buyer" comes along. Any buyer that is ready, willing and able at the price and terms, conditions a seller agrees to is the goal.