We're continuing our series explaining what's on this contract. Paragraph 14 covers a section called Other Contingencies. But really, most of the stuff in this contract is a contingency. The main thing that we're concerned with here is, do you have a house to sell before you can follow through with this contract? So this is perfect for people who are looking to buy a home, but they need to sell their home first. 

 

Now, I will warn you, this gives you a lot of flexibility as a buyer. But for your seller, who you're trying to negotiate with, not so much. All of a sudden, they are concerned with trying to sell their home. But if they are presented with an offer that has another contingency of another home that has to sell, all of a sudden, they have to worry about that house too, on top of everything else that's going with theirs.

 

So, keep that in mind. But if you have questions on what it looks like to sell your home and buy another, give us a call. We can keep it simple.