I own a home I bought for cash; no mortgage. I want to sell it and use the cash to buy a different house of similar value. I have very little cash in my pocket and hence cannot use that to buy a house. I need the cash from selling my current house to buy the new house.
How do I show proof-of-funds to the realtor? Are there realtors who do not ask for this?
Also, do I put up my current home for sale first, find a buyer and set a closing date far out and then use that time to find a house to buy?
Or do I find a house to buy first, set a closing date far out and then use that time to sell my current one?
All of the above assumes there are sellers and buyers willing to negotiate with me on the closing date, which may or may not be true.
I hope I have managed to present my problem clearly. If not, feel free to ask for more elaboration.
If it helps, I am in a suburb of Atlanta, GA.
EDIT: This question is similar to the question that is linked in the comment below but I believe it nevertheless warrants a separate discussion since some people (like me) do not deal with any form of mortgage or financing due to religion or other reasons and my question specifically concerns such cases.