by maria | Sep 12, 2016 | Exclusive QA |
It is a short-term bank loan of the equity in the home you are selling. You may take out a bridge loan, or interim financing, to help with a knotty situation: closing on the home you are buying before you close on the property you are selling. This loan basically...
by maria | Sep 12, 2016 | Exclusive QA |
Yes. For example, if you decide to sell your existing home first before buying another one, you can make the sale of your home contingent on finding a replacement home. Some sellers opt for this contingency to avoid a double move, such as moving to a hotel or rental...
by maria | Sep 12, 2016 | Exclusive QA |
A: You can reject, accept or counter any offer that is presented to you. Most offers include contingencies, which protect the buyer in case something goes wrong. The two most common contingencies deal with financing, which makes the sale dependent on the buyer’s...
by maria | Sep 12, 2016 | Exclusive QA |
Be patient, know your home’s worth, adopt a positive attitude and do not let emotions—anger, pride, greed or prejudice—get in the way of negotiating the best deal. Your home obviously means a lot to you, but you have already made the decision to move on, so begin to...
by maria | Sep 12, 2016 | Exclusive QA |
The following examples often qualify as “material facts” that must be revealed by sellers about their homes: Damage from wood-boring insects Mold or mildew in the home Leaks in the roof or foundation walls Amount of property taxes paid annually Problems...