Buying a house contingent on selling yours involves adding a to your purchase offer . This clause protects you by making your new home purchase dependent on the successful sale of your current property. How the Process Works
: You must list, market, and secure a buyer for your home within the agreed timeframe. Finalizing the Deal : how to buy a house contingent on selling yours
: If your home doesn't sell by the deadline, you can usually walk away and keep your earnest money deposit , unless you negotiate an extension. Strategies to Get Your Offer Accepted Buying a house contingent on selling yours involves
: Your agent drafts an offer that includes a specific deadline (typically 30 to 60 days ) for your current home to sell. Finalizing the Deal : : If your home
: If your home sells in time, the contingency is removed, and you proceed to closing on the new house.