What Does It Mean to be a Contingent Buyer in Phoenix?

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Many people ask me, “Should I buy before I sell, or sell before I buy? How do contingencies work?” Contingencies allow a buyer to back out of a contract. For example, many people who buy before selling have to sign a contingency promising they will sell their property within a certain amount of time.

I recently sat down with this family and discussed this same thing. They were looking at very specific neighborhoods because they wanted a certain school. The way our current market is, 40% to 50% of the time you have to sell your home before you can buy.

In this particular case, we recommended they sell their home and then rent for a while, which would eliminate the contingency issue. That worked best because her search was so specific.

In most cases, a home search isn’t that specific. With great strategy and planning, you can absolutely sell your home and buy something with a contingency in place. I’ll make sure you have a strong buyer for your property so that you can close on the home of your choice. 

There’s always a strategy behind buying a home first or selling first. It really just depends on what you’re looking for in the surrounding Phoenix area. If you have any questions about this topic or more, give me a call or send me an email. I would be happy to help you!

How Can You Help Our Phoenix Community?

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Today, we’re going to discuss a charity that is near and dear to my heart, the Care Fund. I have been personally touched by this charity. The Care Fund helps Arizona families pay their mortgage or rent when their child has been hospitalized for an extended period of time or has a serious illness.

People don’t realize that when a child goes to a children’s hospital, the parents have to stay with them. In many cases, there’s almost no way for these parents to continue working, and a lot of them end up losing their job. If you need assistance with your mortgage because your child is ill, go to the Care Fund’s website to find out if you qualify. 

The Care Fund is a great charity. They have very low administrative costs, so 90% of funding goes right back to Arizona families in need. If you know anyone in your community who could be helped by the Care Fund, I want to hear from you. Help me support this charity by giving me your referrals. I love helping Arizona families, and my family knows what this is like.

If there is anything we can do to help support each other, I would be very blessed to receive your help. If you have any questions, just give me a call or send me an email. I would be happy to help you!