So, you are a homeowner, and you want to buy a new home, but you need to sell your house first.
Maybe you do want or can't qualify for two mortgages and you don't want to keep the house and rent it out. One of the most common reasons is that you want to take the equity you have in your house and use it as a down payment. But, if you sell your house first, where will you go? This is the MOST common fear that homeowners have. You don't have to be!
The California Purchase contract has an addendum that you can choose to incorporate in your agreement with the buyers. This addendum form was created for your protection. In summary, you're telling your buyers, "I will sell my home to you, but I need to find a replacement property before we can do that."
The following video goes a little more in-depth on this topic. If you are interested in learning more about this, feel free to reach out to us! We'd be happy to help you!
View our video on Instagram here: Contingency of Seller Finding a Replacement Property | Tip Tuesday
