At best, a seller might accept your offer, and let you try to sell your home, but they will want to keep marketing their own home. Very few sellers will take their homes off the market for a home selling contingency.
I understand it is difficult to coordinate buying and selling a home - you can't buy unless you sell first.....but you don't want to sell first in fear of not finding a home you want to buy!
What to do!
I would make sure you are realistic in what you think you can get for your home. Make sure you have a conservative price opinion to work with. Speak to an agent - ask for an honest opinion.
You might want to list your home with a contingency that gives you a short time period to find a home...that's one option.
The other is so sell your home, try for a longer closing date and hope for the best. As a back up plan - I'd suggest you look into short term rentals, as the best position would be for your home to close, you have your money in hand, and you are ready to jump on the first home you fall in love with!
Prudential NJ Properties
That is probably not going to happen. That is a tough one.. but I would guess as long as you are able and willing to take out a bridge loan on your current home to close the short sale.. Otherwise.. you are in a slim to none catgory.
Just a thought!
A short sale may not be for you until you get your house sold.
please check out my blog for short sale tips and assistance
Basically no. You have to be ready to close on a few days notice and have all your ducks in a row.
Century 21 Joe Tekula Realtors
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