Homeowner · Orlando, FL · Member since 2013 · 19 posts · 4 votes
I am looking to buy another house, and will be looking to sell my current home.
How do people work on the timing of selling and buying a home? I much rather have the home I am going to buy at least in contract with a good idea of the closing date before I commit to selling my current home. Are there any issues with this?
Do you have enough money to buy your next house without selling your current one?
If not, you arent going to get a closing date, your contract on any new property is going to be "contingent" upon the sale of your current, making it a weaker offer and also able to bypassed by a non contingent one. You would only get a closing date once your contingency is satisfied.
It would be best to talk about this with your local realtor. They'll know what's going on in your market and how much effect having a sale contingency will affect your offers to buy. It's not an unusual arrangement; I sold my last house to a buyer with a sale contingency