A manufactured home is not going to work, but you an go FHA. We specialize in helping borrowers find lenders that offer difficult loans most lenders cannot touch. I have helped many people get approved for home loans with scores under 600.. I can refer you to the right lender that offers a loan product that fits your situation.... more
Yes it can. The buyer usually pays for an option period which allows him/her to be released from the contract for any reason during that option period. Thus the seller would want to continue to show the property. Any contracts accepted would be considered a back-up offer to the first contract.... more
It's highly unusual for a potential buyer to perform environmental tests and a building inspection without being under contract with the seller. So no, you are not obligated to pay their inspection costs.
Only if you were under contract with the buyer and you arbitrarily decided not to sell would you potentially have to pay their inspection costs (to prevent a possible lawsuit for breach of contract).
Talk to your real estate agent about your concerns about selling your home. You might not want to lose the opportunity to sell, especially if the buyer that has performed the inspections is seriously interested in buying your home.... more
Are you asking if you can write an offer on the house that you intend to purchase,
and write in that offer,
"Contingent upon the Sale of Buyer's Existing House"?
If that is the question, yes you can write it in an Offer.
But don't count on a Seller accepting it.
A Seller that does accept such a contingency will usually want verification that your house is properly Listed for sale at a realistic price.
There will be further time constraints, and possibly you will be offered a First Right of Refusal
("okay, we accept your offer, but we are keeping the house on the market, and if another Buyer comes along,
we will give you 24 or 48 hours to Buy this house, otherwise it goes to the New Buyer").
That is how is USED to be.
In the current Real Estate Market, with rare exceptions, very few Sellers want to take their house off the market.
(When Real Estate Agents see the word "Contingent" in the MLS, they will generally shy away from showing that property).
Best wishes to you,
It would depend upon the terms of the contract and if there were any contigencies that have not been met. I recommend having an attorney to review the contract and determine what your options are.... more