In a brisk seller’s market, the best option may be to locate your next home, get in contract and make that contract contingent upon closing escrow on your current home. This means you can’t be forced to buy your next home until you have closed escrow on you current home. In a perfect world this may not be a problem, but if the market is brisk, sellers may be less likely to accept your “contingent on your home selling” offer. Why? Better offers, such as all cash offers, large down payment offers or non-contingent offers, to name a few. I will help you decide which option is best and how to structure and respond to the buyers purchase agreement details.
Escrow
Escrow is going fine and then there’s a hick-up. Unfortunately it’s not all too uncommon for a deal to fall apart near the 12th hour. It’s also not all too uncommon for a deal to come back from the dead. Once the home passes all inspections and close of escrow is nearing some deal killer events can occur. The buyer lost their job, the buyer’s source of down payment funds changed, a new buyer debt came up the day before closing or the seller can’t move because their next home has not closed escrow. These are just a few.
It’s my job to forecast and head off unforeseen events and/or quickly manage a fix for problems which arise before, during or after the escrow period. I pride myself on a very high closing success rate. My experience in the mortgage and real estate industry helps hold deals together and close escrow on time.
Selling your home? Let’s plan the details today. Call, text or email me anytime