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re: trying to buy a house before you sell yours - need options\suggestions
Posted on 5/29/14 at 2:11 pm to LSUvegasbombed
Posted on 5/29/14 at 2:11 pm to LSUvegasbombed
you could approach the owner with a contract stating those terms and see what he thinks. is your ability to purchase a new home pending on the sale of your current home? in other words, do you have the funds available to put a down payment on the new one or must you first sell your current home?
Posted on 5/29/14 at 2:30 pm to tiddlesmcdiddles
I can get the funds pretty easily. I wanted to know if there were other options just in case but it shouldn't be a problem at all now
Posted on 5/29/14 at 3:13 pm to tiddlesmcdiddles
You can write a contract to do whatever you want.
1) Make a payment to him in exchange for a six month (or some other amount of time) exclusive purchase window
2) Rent it from him
3) Present him a purchase contract with a clause that says the contract is null and void if you don't sell your current house by XX date
Is the house you are looking at on the market? How long has it been on the market? Is it likely he could sell it before you can get the other one sold?
1) Make a payment to him in exchange for a six month (or some other amount of time) exclusive purchase window
2) Rent it from him
3) Present him a purchase contract with a clause that says the contract is null and void if you don't sell your current house by XX date
Is the house you are looking at on the market? How long has it been on the market? Is it likely he could sell it before you can get the other one sold?
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