Buying a new house

I should have started this a while back.

We are looking (going) to by a new house. Unfortunately, we made the mistake of finding a house before selling (or even listing our house). We currently live in a rural area, but the kids are at the age where extra curricular activities are starting and the daily running takes its toll.

The realtor has stacked up four houses. Person A is buying Person B’s house who is buying Person C’s house and they need someone to pull the trigger to get the whole process rolling. Well, it looks like I am that lucky person.

The seller of the house that we want to purchase has offered to pay our bridge loan for the first three months if our house does not sell in time. We really like the house and can handle a bridge loan for a period of time with no real issues.

Our house is currently listed…. More to come….

What are your thoughts on this type of situation?

When to buy anything.....

I am sure this article is making it rounds, but this smartmoney.com article hits some basics.

Most of these are common sense, but others I have not heard before.
Anybody have any to add on to this list?