Looking for a Home While Needing a Sale Contingency

More than half of the home buyers today have a home that they need to sell.  If they have found their dream home, they will need to add a sale contingency.  What this means is that the purchase of the new home is contingent on the sale of their current home.  For the buyer, they are not obligated to purchase the new home if their current home does not sell.  Unfortunately, because of this, sellers who are in a hurry to sell, may avoid this offer.

Tips to Sell Your Home Faster

For the seller in this predicament, they need to get their home under contract quickly.  Here are some tips to try.

  1. Work with a real estate agent:    The real estate agent can provide comparable information on the current home.  This will provide information on what a home similar sold for in the area and can help with determining a good selling price right from the start.
  2. Make Essential Repairs:  This does not mean fixing every like crack and crevasse,  it is fixing the items that would come up in an inspection as needing fixing. These items may make a buyer hesitant to put an offer in on the house. Such items would be getting the house up to code like adding GFCI outlets where needed, getting rid of any mold and fixing any structural issues.  Finding these issues before selling can be done with a home inspection.
  3. High Quality Photos:  The seller or real estate agent has hired a professional photographer to take pictures of the home.  There is nothing worse than seeing a home on the market with pictures that are dark or fuzzy.  Nicer, high quality pictures make the house more appealing to buyers
  4. Be Ready to Move:  Because the homes sale and purchases will be happening in a relatively close time frame, have the house packed up and ready to move.  This will eliminate the delay of moving out of the current home because it needs to be packed.


Read the Original Article Here: How to Buy a House Contingent on Selling Yours: 4 Paths to Success