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Pros and cons of buying a new house before selling your old one. While buying a house before selling your old one isn’t likely to be financially ideal, it can be useful in many ways. Here are ...
It’s easier to back out of buying a house before the purchase agreement is signed. If you decide to exit after that point, or after the contingency periods have expired, you’ll have a much ...
The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the seller to continue to market the property. The 72 hour clause is usually written into sales contracts by the seller, this allows a seller to keep the home on the market and accept backup offers ...
Contingencies could also be made on the satisfactory repair of a certain item associated with the real estate. Another sale contingency – Purchase or sale of the real estate is contingent on a successful sale or purchase of another piece of real estate. The successful sale of another house may be needed to finance the purchase of a new one.
Selling your house is already a lot to deal with — when you’re also trying to buy your next place at the same time, things can get complicated. The process of buying and selling simultaneously ...
Whether you're buying or selling a home, getting the home under contract is just the start of the process. Since most Americans don't buy their homes with cash, they need a mortgage to complete ...
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