| Free Tips : |
| Strategies in a Buyer's and Seller's Market |
| Strategies in a
Seller’s Market In a hot market, selling your house will probably be easier than buying a new one. To make sure you don't end up house-less, negotiate with your buyer. After the buyer makes a written offer on your house, include a provision in your written counteroffer stipulating that the sale of your current house be contingent upon your finding and closing on a new house. Although few buyers will agree to an open-ended period,some will be so eager to buy your house that they’ll agree to delay their closing until you close on a new house (or until a certain number of days pass, depending on which comes first). Strategies in a Buyer's Market In a cooler market, you’re in a stronger position as a buyer than as a seller. To protect yourself, consider making your offer to buy a new house contingent upon your selling the one you currently live in. If a seller has a hard time finding a buyer, he or she may be willing to accept this contingency, even though it means waiting for you to find a buyer. |
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