Home Buying in 77845>Question Details

mdrake313, Home Buyer in Colmesneil, TX

Can you make an offer on a house contingent upon getting a job offer?

Asked by mdrake313, Colmesneil, TX Wed Jul 10, 2013

We just sold our home in CS and plan to move to another city. My husband has been applying for jobs and has had several interviews but no offer yet. The house we're interested in in the new city just dropped in price. We would like to make an offer on it, but can you offer with a job offer contingency?

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Answers

6
You can but since you do not have approved financing either it is unlikely it would be accepted. I would not recommend my client take their home off the market in this climate for a buyer who does not have financing in order. You also won't be able to close your loan until you have one full month of paystubs with the new employer as well so that is really not a good option for any buyer looking to sell.

Focus on finding a job and getting your financing in order so you can put in an offer and close. If this were a year or two ago it would be different possibly but this is an entirely different market now.

Hope this helps.

_____________________________________________________
Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | listings@dongroff.com
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
Web Reference: http://www.AustinListed.com
0 votes Thank Flag Link Thu Jul 11, 2013
You can make an offer. That is your right and privilege. However, the question is will your offer be accepted?

First, for an offer to be accepted or considered, the prospective buyer/buyers have to prove that they have the financing capacity to consummate the purchase.

This can be substantiated by a pre-approval or pre-qualification letter by a mortgage broker or proof of funds.

In your case, I am not sure if you have been prequalified yet because you mentioned about being unemployed right now.

Given this scenario, the likelihood of rejection of your offer is high.

Best of Luck in the future.
0 votes Thank Flag Link Thu Jul 11, 2013
if the seller is desperate. it's not very likely.
0 votes Thank Flag Link Wed Jul 10, 2013
sure. But if you were the seller, would you accept an offer like that? Probably not.
0 votes Thank Flag Link Wed Jul 10, 2013
Yes but they may not accept offer. If you can secure a position and provide a letter of intent regarding your employment sometimes you can work with that. You just have to be working prior to the closing.
0 votes Thank Flag Link Wed Jul 10, 2013
That's a lender question. If you can qualify for a home loan without the job than you could make an offer but chances are you will need to not only have a job but have been on it a certain amount of time before you can buy a home. No seller will take an offer without that initial assurance that you can qualify for lending and can get and pay the payments before accepting a contract. Finding out how long and then finding a lease that fits your needs is your best first step. That also will allow you to take your time in deciding just where you want to live in your new city.
0 votes Thank Flag Link Wed Jul 10, 2013
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