Not exact matches
Buyers might not have to make an
offer contingent on the
sale of their current home.
For instance, making the
sale contingent upon the
sale of your current home could work against you — especially in a seller's market where the homeowner could have plenty of other
offers to choose from.
My wife and I decided to make an
offer on a new home
contingent on the
sale of our current home.
Offer a
contingent sale agreement when bidding on a new home.
No, Fannie Mae will not accept
offers contingent on the
sale of your current home.
For mutual Fund Class C shares the maximum
offering price (MOP) returns take into the account the
contingent deferred
sales charge (CDSC).
We'd like to make a contingency
offer on the new house, where the purchase is
contingent on the
sale of the old one going through, but to make it work we'd need to be able to put down a bigger down payment than we can afford at the moment.
With respect to a consumer credit
sale, the seller may not give or
offer to give a rebate or discount, or otherwise pay or
offer to pay value to the buyer, as an inducement for a
sale in consideration of the buyer giving to the seller the names of prospective purchasers, or otherwise aiding the seller in making a
sale to another person, if the earning of the rebate, discount, or other value is
contingent upon the occurrence of an event subsequent to the time the buyer agrees to buy.
It means an
offer on a home has been made and the seller has accepted it, but the finalized
sale is
contingent upon certain criteria that have to be met.
After this listing expired and after showing the property to the Castles again in January 1976, Leatherwood drafted an
offer contingent upon the
sale of the Whisnants» property.
As an example, if you were to bring your own home to the market,
offering it for
sale — would you feel compelled to «help the buyer» understand what you have stated above, or accept an
offer contingent upon YOUR having done an efficiency report?
An agent would call for a copy of the report to be part of an Agreement of Purchase and
Sale, but it would seem that the
offer would need to be
contingent upon review of the efficiency report (by a professional who specifically understands such) within a specific time frame, and apparently the buyer would be advised to adjust his accepted - by - the - Seller price point, based on the findings.
Coldwell Banker Village Green Realty v. Pillsworth (32 A.D. 3rd 568 [3rd Dept.]-RRB-- Order of the Supreme Court granting broker's motion for summary judgment affirmed; in the absence of an agreement to the contrary, the broker's right to a commission is not
contingent upon performance of the underlying real estate contract, receipt by the seller of the
sale price, transfer of title, or even a formal execution of a legally enforceable
sales contract; seller could not utilize the provisions of a subsequently executed
sales contract wherein seller agreed to pay broker's commission «if and when title closes» as a bootstrap to avoid her obligation to the broker under the clear and unambiguous provisions of the listing agreement as such language was contained in the contract of
sale prepared by counsel and to which broker was not a party; provisions in listing agreement that seller would accept a binder or purchase contract
contingent upon purchaser's ability to obtain conventional financing and provided any other contingencies in the binder or purchase agreement are acceptable to the seller speak only to the type of purchase
offer that seller was obligated to accept and does not alter or otherwise qualify broker's right to a commission
Steven G. Walther, Inc. v. Taranto (16 A.D. 3d 1076) buyers procured by broker remained ready willing and able to complete the purchase pursuant to the terms of the purchase contract thereby entitling broker to its commission where purchase and
sale contract addendum made the
offer contingent upon the
sale of buyer's existing residence; pursuant to the addendum, seller received another purchase
offer, he was entitled, upon notice to the buyers, to accept the
offer and cancel the contract with the buyers unless they removed the
sale and transfer of title contingency within three days after receiving such notice; buyers could remove the contingency by demonstrating in writing that they had accepted a mortgage loan commitment which does not require the
sale and transfer of title of their property as a condition of the mortgage loan funding; buyer complied with such requirement, even though mortgage loan commitment was subject to additional conditions not prohibited by the contract; judgment for broker.
But there are other considerations involved: * Is the
offer contingent upon anything, such as the
sale of the buyer's current house?
A condition put on an
offer to buy a home; such as the prospective buyer making an
offer contingent on his or her
sale of a present home.
The simplest scenario, says Lori Jasicki, a senior loan officer and a branch manager with Inlanta Mortgage in Brookfield, Wis., is to make your purchase
offer contingent on the
sale of your home.
For instance, making the
sale contingent upon the
sale of your current home could work against you — especially in a seller's market where the homeowner could have plenty of other
offers to choose from.
Most buyers are going to make
offers that are
contingent on the
sale of their current property (or another extenuating circumstance).
A solution for some buyers and sellers, and one some real estate agents say is gaining increased acceptance in the housing downturn, is making an
offer contingent on the
sale of a buyer's home.
i. Is the
offer contingent upon anything, such as the
sale of the buyer's current house?
Sellers should be aware that some other companies
offer what SEEMS to be a Flat Fee Listing service but in fact they contract to keep some of the
contingent sales commission for themselves such that EITHER the Buyers Agents are actually being
offered LESS commission to sell your home than they are being
offered to sell other homes on the market OR you are contracting to pay a
sales commission which is in excess of what the listing agent is actually
offering to pay to the Buyers Agents so that the listing agent can keep a commission of say 1/2 % while they are calling it a Flat Fee.
But when she submitted an
offer on a townhouse that was
contingent on the
sale of her home, she was at a disadvantage.