Answers by Priscilla Hammond

In my professional opinion, I would wait until I get an offer on my current home and then start looking at homes to buy. After the due diligence period is over start putting offers on homes that you like. In the contract for your current home ask for occupancy up to 90 days after closing. But if you’re lucky and with strict guidance from a great realtor, it would be possible to close on both on the same day.

Never sell an asset that you did not have to pay any money for. Do whatever you need to do to maintain the property taxes and rent it out for rental income. If you don’t want to handle Property Management hire a real estate agent.

Yes, always have a home inspection unless you are a general contractor and you can repair anything that needs to be repaired.