It is typical when purchasing a Lehigh Valley 55+ Home that you own a home somewhere else.
Do you need to Sell your Current Home in order to purchase your new 55+ home in the valley?
In a competitive market, this can be a large negative. The Seller on the Lehigh Valley Home you wish to purchase may prefer an offer that doesn't involve the sale of a home somewhere else.
Some 55+ Home Buyers have the ability to get a mortgage or pull from a retirement account to purchase the home and then sell their current home. They Remove Any Decisions, about buying a new home, based on the sale or status of their current home.
If not, a few other options are available:
Your offer on a Lehigh Valley Home can include a Sale and Settlement Contingency.
Mr Seller, I wish to buy your home and here is my offer but it includes a contingency for me to list my home for sale and get a buyer that closes on the purchase to provide me the funds to purchase your home. I may need 2-3 months to do this.
Your offer on a home can include a Settlement Contingency.
Mr Seller, I wish to buy your home and here is my offer but it includes a contingency for me to close on my current home (scheduled to close in 35 days) to provide me the funds to purchase your home. I already have a buyer on my current home, the inspections have been done and we are just waiting to close.
If a Lehigh Valley Home Seller has multiple offers they may prefer an offer that is cash or a mortgage rather than the risk involved in a home sale (many moving parts) even if that offer may be higher in price.
For all of your Lehigh Valley Real Estate information, visit www.lehighvalleyhomesonline.com
