You may have to pay for some repairs prior to closing if that is discovered, but other than that you will be GETTING a check back!! Not writting one!
Good luck with the sale!
Here's hoping sellers and buyers in Pensylvania have individaul representation in the real estate market. Here we do all we can to answer questions for our clients so they are well informed on the complete transaction from start to finish.
Please get professional assistance in your state of residence in listing and selling your home. Less headaches for buyer and sellers!
At the very least they will require a cashiers check issued by your bank, so the money needed needs
to be in your account before the date of closing on your new home.
Therefore sell first then buy, or at the very least work with an experienced Realtor and real estate attorney to have the right terms in your new contract to protect yourself if for any reason the sale on your home does not close.
REMEMBER A HOME IS NOT CLOSED UNTIL MONEY AND KEYS CHANGE OWNERS AT THE CLOSING TABLE UNTIL THEN ANYTHING CAN HAPPEN....
Please make sure you work with experienced professionals in your area, if you need recommendations get back to us.
Edith YourRealtor4Life! Working always in the very BEST interest of her clients
with @Properties covering the city of Chicago, N and NW suburbs of N. Illinois, and the
fine homes on the North Shore - and with partner agents all of the US and properties worldwide