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What Is a Home Sale Contingency?

HomeLight

After all, few people can afford to hold two mortgages. At the same time, it usually does not make sense for buyers to sell their home without having a new one lined up to move into. So what options does that leave for the homebuyer who must also be a home seller ? Find a Buyer's Agent What is a home sale contingency?

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Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. What is a contingency clause? Let’s begin by looking at the “what” and “why” of contingency clauses.

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

Jeremy Foster: The traditional home purchase process for homeowners is broken. A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments.

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Bridge Loans in Washington, D.C.: How to Unlock Home Equity to Buy Before You Sell

HomeLight

It can be difficult to juggle the timing and financial details when you’re pressed to sell before you can invest in your new home. Enter the bridge loan – a short-term financing option. You can then make a strong offer on your next home with no home sale contingency.

Equity 97
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Bridge Loans in Atlanta: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Selling your Atlanta home while looking to purchase a new one can be tricky. Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. What is a bridge loan, in simple words?

Equity 92
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Bridge Loans in San Diego: How to Unlock Home Equity to Buy Before You Sell

HomeLight

You might think your only choice is to sell your current home, find a temporary place to live, and search for your new house. But there’s an alternative you probably haven’t considered — a bridge loan. You can then make a strong offer on your next home with no home sale contingency.

Equity 101
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Bridge Loans in Miami: How to Unlock Home Equity to Buy Before You Sell

HomeLight

But there’s another option that you probably haven’t considered: a bridge loan. A bridge loan is a short-term loan that “bridges the income gap” between selling your existing property and purchasing your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 98