Thursday, September 03, 2015

A: Yes.  For example, if you decide to sell your existing home first before buying another one, you can make the sale of your home contingent on finding a replacement home.  Some sellers opt for this contingency to avoid a double move, such as moving to a hotel or rental until a new home is found and made available.

However, there is one problem with this type of contingency: it can inconvenience the buyer, particularly if his own home is in escrow.  He may not be willing to wait for you to move.  

This strategy has a better chance of working when the market is relatively strong, your home is a rare find, the price and terms of the transaction are very favorable for the buyer, or the buyer is in no hurry to move.

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