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Is This Wise?

Due to our location and low inventory in our area, our realtor wouldn't list our current house until we bought another, because she didn't want us to have a buyer without a place for us to go. We are a multigenerational household, so we have specific needs that are difficult to find here. So we did what she advised...we used a cash program through our lender and closed on a house last week. Our current house has been on the market for 3 weeks. A lot of interest and good feedback, but no offers. My question is....would it be wise to count on our current house selling, and to start doing renovations to the home we purchased? If our current house doesn't sell, we don't get to keep the one we bought, so we'd be out any money/time we put into it. The other side of me thinks "take advantage of all this extra time and start things now, so there's less to do after we move in".

What are your thoughts? I'm sure this was confusing to read, so feel free to ask questions for clarity if needed. Thanks!

submitted by /u/H0tMessExpr3ss
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source https://www.reddit.com/r/RealEstate/comments/1jbsmjd/is_this_wise/

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