I always recommend selling before you buy your next home. This way you will not find yourself at a disadvantage at negotiating table, feeling pressured to accept an offer that is below-market value because you have to meet a purchase deadline. If you've already sold your home, you can buy your next one with no strings attached. If you do get a tempting offer on your home but haven't made significant headway on finding your next home, you might want to put in a contingency clause in sale contract which gives you a reasonable time to find a home to buy. If market is slow and you find your home is not selling as quickly as you anticipated, another option could be renting your home and putting it up on market later - particularly if you are selling a smaller, starter home. You'll have to investigate tax rules if you choose this latter option. But, if your Ann Arbor area home is priced right, you should have no problem selling it regardless of level of market activity. 4. Failing to get a mortgage pre-approval.

Pre-approval is a very simple process that many homeowners fail to do first. While it doesn't cost or obligate you to anything, pre-approval gives you a significant advantage when you put an offer on home you want to purchase because you know exactly how much house you can afford, and it’s saves time when you’re ready to make your move. With a pre-approved mortgage, your offer will be viewed far more favorably by a seller - sometimes even if it's a little lower than another offer that's contingent on financing. Don't fail to take this important step. Help-U-Sell Spectrum in Saline has a great in house lender with guaranteed low rates. Call (734) 883-9597 for more details.

5. You already found your ideal home, what to do now? . Your biggest dilemma when buying and selling is deciding which to do first. You don't want to end up with terrible situation of owning two houses, or worse, owning none! Point number 3 above advises you to sell first, but what if you found ideal home before your house has sold and you want to write an offer NOW? Simply, write offer contingent upon sale of your existing home. This is very common in an area like Ann Arbor.

6. Failing to coordinate closings.

With two major transactions to coordinate -- together with all people involved such as mortgage experts, appraisers, lawyers, loan officers, title company representatives, home inspectors or pest inspectors -- chances of mix-ups and miscommunication increase dramatically. To avoid a logistical nightmare, ensure you work closely with your agent.

Keep these six points in mind when you start looking for a new home. They'll make your life easier, and will save you a lot of money.

Tony Dulgeroff Help-U-Sell Saline, MI. (734) 883-9597 http://www.WolverineRealEstate.com

Taking these steps will be in you best interest to secure a mortgage that will benefit you and your family. It will also help to save you money.

Paul Kellum represents a full service mortgage broker / banker with a track record of over 10 years. We service loans relating to residential properties, including purchases, refinance, home equity loans, and home equity line of credit (HELOC), and debt consolidation. You can search and securely apply for program that best fits your client's financial needs: http://www.loans-mortgage-refi.com/index.html

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Paul Kellum represents a full service mortgage broker / banker with a track record of over 10 years. We service loans relating to residential properties, including purchases, refinance, home equity loans, and home equity line of credit (HELOC), and debt consolidation: http://www.loans-mortgage-refi.com/index.html