While The Answer To This Basic Question Is As Individual As You Are, Here Are Some Things To Consider. Generally speaking, under most market conditions, real estate professionals advise listing your present home and shopping for your new home simultaneously. Nonetheless, you should talk to [...]
An escape clause, also known as a kickout or knockout clause, is a provision that allows the party to void the contract. For example, the seller may retain the right to look for a more favorable offer, with the original purchaser retaining the right, if [...]
Sales contracts typically contain several “contingency” clauses, or stipulations that the sale is subject to. For example, with a mortgage contingency, if the buyer is unable to obtain financing within the specified timeframe, neither the buyer nor the seller is required to complete the purchase. [...]
That’s a strategy that sounds good – but, in fact, is more likely to result in a lower price. Here’s why: The first few weeks a house is on the market is when it will have the most activity. If a house is overpriced, it [...]