{"id":36230,"date":"2009-09-20T10:58:57","date_gmt":"2009-09-20T10:58:57","guid":{"rendered":"http:\/\/www.brownstoner.com\/?p=36230"},"modified":"2009-09-23T16:56:24","modified_gmt":"2009-09-23T16:56:24","slug":"moving-equity-i","status":"publish","type":"post","link":"https:\/\/www.brownstoner.com\/forum-archive\/2009\/09\/moving-equity-i\/","title":{"rendered":"Moving Equity to a New Apt"},"content":{"rendered":"<p>I wonder if anyone has any suggestions. I own a one bedroom in brooklyn and I want to buy a two bedroom in a different neighborhood. I have a good deal of equity in the old apt (around 250\/280 K) as I bought it some time ago. I would however need to sell it to buy a new place. I only have about 60\/70K in cash, and we are looking for something not more then 500K but putting alot of this equity in the apt again to keep outgoings low (our salary for both of us is about 130K)<\/p>\n<p>Anyhow my question is, does anyone have advice about managing the sale\/buy at the same time. How can this work. If I find somewhere I can put the 10% down at contract, and obviously want to put much more at sale,  But I need to put my place on the market (it should sell quite easily although I can&#8217;t be sure, but the building has always done very well). I guess can I get a contract sealed with 10% down?) and does anyone have advice? OR do I need more cash in hand to start with 20%?<\/p>\n<p>Thanks!!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I wonder if anyone has any suggestions. I own a one bedroom in brooklyn and I want to buy a two bedroom in a different neighborhood. I have a good deal of equity in the old apt (around 250\/280 K) as I bought it some time ago. I would however need to sell it to&#8230;<\/p>\n","protected":false},"author":695,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"schneps_byline":"","schneps_post_style":"","schneps_post_source":"","schneps_syndicated_read_more":"","schneps_post_source_sitename":"","schneps_syndicated_thumb_html":"","schneps_syndicated_thumb_src":"","schneps_post_source_shortname":"","schneps_post_source_url":"","schneps_post_source_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[100],"tags":[],"districts":[],"class_list":["post-36230","post","type-post","status-publish","format-standard","hentry","category-mortgage"],"acf":[],"parsely":{"version":"1.1.0","canonical_url":"https:\/\/brownstoner.com\/forum-archive\/2009\/09\/moving-equity-i\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Moving Equity to a New Apt","url":"http:\/\/www.brownstoner.com\/forum-archive\/2009\/09\/moving-equity-i\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.brownstoner.com\/forum-archive\/2009\/09\/moving-equity-i\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Mortgage","author":[{"@type":"Person","name":"guest"}],"creator":["guest"],"publisher":{"@type":"Organization","name":"Forum Archive","logo":""},"keywords":[],"dateCreated":"2009-09-20T10:58:57Z","datePublished":"2009-09-20T10:58:57Z","dateModified":"2009-09-23T16:56:24Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Moving Equity to a New Apt\",\"url\":\"http:\\\/\\\/www.brownstoner.com\\\/forum-archive\\\/2009\\\/09\\\/moving-equity-i\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.brownstoner.com\\\/forum-archive\\\/2009\\\/09\\\/moving-equity-i\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"Mortgage\",\"author\":[{\"@type\":\"Person\",\"name\":\"guest\"}],\"creator\":[\"guest\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"Forum Archive\",\"logo\":\"\"},\"keywords\":[],\"dateCreated\":\"2009-09-20T10:58:57Z\",\"datePublished\":\"2009-09-20T10:58:57Z\",\"dateModified\":\"2009-09-23T16:56:24Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/brownstoner.com\/p.js"},"jetpack_featured_media_url":"","print_hed":"","photo_gallery":[],"print_subhed":"","print_slug":"","syndication_thumb":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts\/36230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/users\/695"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/comments?post=36230"}],"version-history":[{"count":0,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/posts\/36230\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/media?parent=36230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/categories?post=36230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/tags?post=36230"},{"taxonomy":"districts","embeddable":true,"href":"https:\/\/www.brownstoner.com\/forum-archive\/wp-json\/wp\/v2\/districts?post=36230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}