The finances connected with selling your present house with plans to buy another house has a direct effect on how much you will be able to spend and the size of your future mortgage. For this reason, the transaction is one of the most important financial considerations within a family.
Pricing is an important part of selling the property.
With this financial analysis we can discuss the future plan of buying a larger house. You would have a good idea of what you could use for a down payment. Also, we could determine a reasonable mortgage payment based on the monthly family income. Earnest money is the initial cash deposit given by the purchaser to the seller as a sign of good faith. It is held by a third party in an escrow account.