Carrington Connects

March Madness in Real Estate: Gearing Up for the Selling Season

Posted by Linda Scarberry on March 24, 2015 at 3:46 PM

This is the best time of year to be a college basketball fan! This last weekend the top teams in the country squared off against each other, busting most brackets in the process, all while entertaining sports fans all across the country.

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Topics: Seller Resources, Buyer Resources

How to Get to Know Your New Community FAST!

Posted by Wendy Powers on March 20, 2015 at 6:00 AM

So you’ve made a decision and purchased the home of your dreams in the perfect community for you and your family.

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Topics: Buyer Resources

Real Estate Investing: Buying Your First Rental Property

Posted by John Searls on February 27, 2015 at 8:00 AM

Just like buying your first home can be a complicated and intimidating process, so can buying your first investment property.

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Topics: Buyer Resources

10 Things to Look for in a New Community

Posted by Melanie Goocher on February 24, 2015 at 7:30 AM

Moving to a new community can be both exciting and overwhelming at the same time. At certain points you will feel empowered by the endless amount of options open to you. At other times, those same options will completely overwhelm you.

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Topics: Seller Resources, Buyer Resources

Second-Time Homebuyer Questions

Posted by Chris Cochran on January 7, 2015 at 4:13 PM

First-time homebuyers are fortunate to have a wide range of information and resources available to help them navigate through the home buying process.

However, when these new homeowners find themselves ready to upgrade into a better home, there are not quite as many resources to help them tackle the unique aspects of purchasing a second home.

Second-time homebuyers are forced to contend with a new complication: in addition to purchasing their new home, they will also have to do something with their current residence. This added layer of difficulty can create some serious issues that require expert timing, or at the very least a strategic plan.

When you are trying to purchase a second home and simultaneously selling or renting out your first home, there are a number of complications that can arise.

Here are the four most likely scenarios and some pitfalls to watch out for:

The Easiest Way

The easiest way to ensure that both transactions are completed without putting your family’s financial wellbeing at risk is to first take care of selling your current home. After that transaction has been handled, you can then rent a house or apartment until you are able to find a new home to purchase.

The downside here is that you would be forcing yourself to move twice, but you would completely avoid any risk of having to carry two mortgages. You will however have to find a reasonable rental for whatever amount of time is necessary while you look for your new home.

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Topics: Buyer Resources


Whether you’re looking for the latest real estate news or just want a few tips from the experts at Carrington Real Estate Services, our blog is your one-stop destination for everything real estate related.


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