How to Sell Property Before Buying New Property скачать в хорошем качестве

How to Sell Property Before Buying New Property

How does a homebuyer purchase a new house when they already have one? Get more clients, close more deals, earn bigger commissions: https://bit.ly/3UVvSbl They use the money from the sale of their home toward the purchase of their new home, but won't that leave them without a home? This is a contingent closing of the buyer's home in the residential purchase agreement and this is how you can pull it off. Unless you can afford it, most people will want to sell their homes first before buying a new one. That way, they can use the financing they got from the sale of their home towards the purchase of the new home. But this means that the purchase of their new home is contingent on the sale of their current home. If they can't sell their current home, then no new home. Yikes! So, how do people maneuver this play? It's simple really. In the residential purchase agreement, there is a contingency that the home buyer can check that tells the home seller that the home buyer has to sell their current home before buying the new home. If the home seller agrees to these terms, then the home buyer is in luck. Typically, the home seller will agree to the terms because the market is not in their favor. Finding a home buyer is hard because the market is slow. That means there is more demand for buyers. If they FINALLY find a buyer, they're more willing to work with them than if the market was in favor of the home seller. We forgot to mention, if you're representing the home buyer in the sale of their home, you'll be earning double commission. Badda bing badda boom! Chapters: 00:00 - Want to earn double commission? 00:30 - How does selling a house before buying a house work? 02:22 - What do home sellers think of this contingency? 03:12 - How the real estate market affects buyer's closing contingencies 04:24 - Rico's Idea: do this to get your buyer into their dream home! #realestatemarket #realestate #homebuyer Thanks for watching–we'll see you in the next video!