While a concurrent closing contingency can be a good idea, it must be used sparingly and with a closed ended limit.
We Buy Houses – North Richland Hills TX: A contingency plan for home buyers is something you, a home seller, should definitely know about. Why? Because it could be a strategy that you can use to help you find a new home, secure the funding, and hold the house until you can get yours sold. This clever move is something you can actually use to help your buyers as well. You may have a buyer that can’t afford to pay for your house and their unsold old house, too. You can help them to make the purchase of your home but hold off on it until their house is sold and they can move forward with their plans.
