What came first selling the home or buying the home?

What came first selling the home or buying the home?

It all depends on the situation.

Ideally, you do not want to depend upon the current property to sell before buying a new home.  Not many sellers want to have a contingent on the sale of a home contract on their house.  It limits the marketability of the house.  What if the home of the buyer doesn’t sell?  Then they have wasted time waiting on the buyer.

There are special cases where sellers are willing to have a home contingent on a house to sell.  There are some builders in the area that would entertain the idea, especially considering how quickly homes are selling.  There may be sellers who are willing to entertain the idea too.

Just remember, it will depend upon the situation the other party is facing.  However, the best course of action is to list your home for sale, get it in contract, and then choose a house from a pool of homes (hopefully).  Worst case scenario, you may need to  live in temporary housing for a while.

Happy house hunting!

#StumpRealtorKatie