Have you considered the transaction costs of taking out some kind of bridge
loan? What about the financial risks and stress of trying to achieve a
concurrent closing (whereby you make an offer on another house and then try
to sell your current house before the closing on the new house, or similar
juggling)?

Points on a loan, etc. and interest might exceed the cost of renting a nice
place and storing your current home's belongings for a few months. If you're
under pressure to sell your house, you might be tempted to take a lower
offer for it. That's another potential loss. (Of course, if there are other
reasons you must move directly from one house to the other, then one has
more weighing to do. Are there other reasons? Maybe people here have
solutions for dealing with those... )

I personally would rather sell my old house, store my family's things, move
into a nice corporate-style motel or with famiily, short-term lease
apartment (penalties for ending a lease early are not that bad compared to
mortgage transaction costs), close, sock the money into a money market
account, then take a week to a few months to find my new house. If you
already know of several houses on which you'd like to make offers and when
these owners can close, all the better for planning and peace of mind.


"xparafile" wrote in message
om...
I need to buy another house, using the money I will have, upon selling
my present house, (mortgage is paid off). Is there a (chronological)
scenario, where I could go from one house, to the next, without
renting for a while? The only money I have toward another house, is
what I will get for my present house.