Steps in the process
Good morning BP,
I am thinking about selling my Boston SFR for a MFR in Norfolk Va. A couple questions that I have are as follows:
When should I inform a QI that I intend to execute the exchange?
- We intend to place the house on the market in July.
Can I get a clause put into the contract, ie pending sale of Boston house all proceeds will be re-invested into the purchase of the said property? This is so I can at least have a house on contract until the Boston house sells.
Do I need to get pre-qualified for the buy just like a normal investment purchase?
How early in the process can steps be executed and can they be executed out of order?
Anything else I should be thinking about?
Thank you.