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

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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?

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Rainmaker
421,924
Jean Hanley
Coldwell Banker Kivett Teeters - Hemet, CA
Specializing in Folks Who Want To Buy/Sell Homes

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?

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

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.

Jul 27, 2010 04:21 PM #2
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Rainer
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Todd Galde

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