sale pending home
Not only will I be posting listings on this blog, but I’ll also add some information about real estate as I come across it. I am currently handling a deal where the purchase of one home is condition on the sale of the purchasers current home. Alot of people dont know, but this is the only condition that can be waived by the owner of the house being bought – meaning should another offer come in, the seller can choose to accept it, giving the original buyer (often 48 hours) a short period of time to decide whether or not they want to honor the original deal. If they can’t sell their own house in that time, or can’t risk holding 2 properties, they will have to void the original contract. It’s a different scenario, because as mentioned, although a legally binding contract, this is the only clause on the sellers behalf that can be included to negate the contract.
