Buyers who get into contract before selling their existing home: wussup with that?!

By
Mortgage and Lending with RPM Mortgage

Could someone please help me understand why buyers think getting in to contract on a purchase before selling their existing home is ok?  And how about when the buyers have not even listed their existing home yet?!  I would love to say, "Hey, I love the optimism, Mr. Smith." but these days I find myself saying more and more, "What the &$%# were you thinking?!"  Any thoughts?  Words of wisdom?

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the magnifying-glass to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
California

Comments 2 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
421,547
Jean Hanley
Specializing in Folks Who Want To Buy/Sell Homes
Coldwell Banker Kivett Teeters

Back in the day, you could do that because the sellers would take contingent offers.  But not any more.  No way.  What were they thinking?

July 27, 2010 04:19 PM
Ambassador
1,327,081
Jon Zolsky, Daytona Beach, FL
Selling Daytona paradise for heavenly good prices
Daytona Condo Realty, 386-405-4408

Hmm, I have clients who buy before selling, and I do not have any trouble with that as he does not depend on that money. Maning that he does not have to seel in order to buy.

July 27, 2010 04:21 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the umbrella to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
11,882

Todd Galde

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the scissors to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information