From the Forum: Financing a Townhouse Purchase

Photo by Susan De Vries

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    Co-op owners are hoping to sell their apartment and purchase a townhouse but are wondering what realistic schedule they should put on the process. Since they won’t be able to buy a new house without the funds from the sale of their apartment, financing is a concern. What have other homeowners done in a similar situation? Should they consider renting in between the sale of one home and the purchase of another?

    Please chime in with your advice.


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