One of the biggest concerns that many sellers have is what do I do first? Do I sell my home then buy? Or do i buy first then sell? How does a subject to sale clause work? And what is a time clause? In a perfect world you could simply buy your new home then put your existing home on the market and sell it. Unfortunately, unless you have a ton of cash in the bank and own your existing house free and clear this can be difficult. In-term financing or bridge loans are usually only granted once you have an accepted offer on your home and subjects have been removed.
In this video I will explain the various options that are available and the pros and cons to accepting a subject to sale offer. For most people the best way to go is to list your home first and extend the closing dates a bit longer than normal. Then go out and buy your new home. This allows me to properly market your home and achieve maximum selling price. It then allows me to negotiate the best price for your new home.
This entry was posted on March 19th, 2014 by Owen Bigland | Posted in Video Blog