Subject to the sale of a property:

Subject to the sale of a property:

When you have a home to sell and you make the home you are purchasing contingent upon the sale of your existing home there are a few things you need to know.

If you are competing against other buyers that do not have the contingency of a home sale, most likely the seller will take another offer over yours because there is less risk to the seller. The reason for this is that not only does that seller have to worry about your home inspection and financing on their home but they also have to worry about it for your present home sale. For your protection it is important that you make it subject to the sale and closing of your existing property. If you do this, you will be protected right to the end of your home sale. The only risk to you is if your house sells and then for some reason the property you are buying something goes wrong and you can’t buy it. Then you would have to find alternative housing. If you have any questions, feel free to contact me at cboylejolin@kw.com or 508-208-9613.