Orlando homes, vacation homes, foreclosures, fixer upper, luxury homes

Greg Staker
Watson Realty Corp
407-304-0255

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Can I buy a home without selling my home first?

realtor mls

Yes, it may be possible to purchase a home without selling your home first.

Each individuals financial situation is different. We can place you in contact with a mortgage consultant who will be able to offer you an informed opinion after reviewing your personal information prior to you making an offer on another home without a contingency dealing with the selling of your current home.

In the current market, many sellers are reluctant to start looking for homes to buy once their home sells. Their reluctance could be due to several reasons. They may not wish to get their hopes up should they find the perfect home but are uncertain about when their home may receive an offer, they may feel their home at the listed price will not be selling anytime soon or they may simply not understand that they can make an offer that is contingent upon the selling and closing of their current home.

Those sellers who have their home priced correctly should expect to receive an offer within their listing contract period. That being the case, it may be in the seller's best interest to start looking for a home and negotiating with the owner of the home to arrive at an acceptable offer contingent upon the selling of their home. This could be handled with a first right contingency clause.

First right contingencies are clauses that most real estate professionals should be familiar with and prepared to use especially in this challenging market.

To find the best solution for your home buying and selling needs, give us a call for a free consultation.

Give us a call to discuss your home buying and selling questions. 407-304-0255

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