Selling a Home? - Boost Your Chances with 30% Equity Non-Contingent
Mastering Real Estate Deals: No More Waiting for Your Dream Home
In the world of real estate, we often come across a term called "contingent offer." But what does it really mean for you? Whether you're selling your current home or planning to buy your first one, let's break it down in simpler terms and find out how to make the process more seamless.
Understanding Contingent Offers
A contingent offer is when you want to buy a new home but need to wait for your current one to sell first. It sounds practical, right? Well, not for everyone.
For Sellers:
Selling your home? Waiting for a buyer's home to sell can be stressful. But there's a way to make your offer more appealing. If you have at least 30% equity in your current home, you can make your offer "non-contingent." This means you don't have to wait for your old home to sell before you move forward with your new one. This makes your offer stronger and can attract more buyers, making your sale smoother.
For First-Time Homebuyers:
If you're looking to buy your first home, you need to understand the game of "contingent offers." It means you can only buy your new home after your current one sells. However, there's a catch. Sellers often prefer non-contingent offers. But here's how you can level the playing field: If you have at least 30% equity in your current home, you can make a non-contingent offer. This makes your offer more attractive to sellers, helping you secure your dream home faster.
Get Expert Advice:
No matter where you stand, real estate professionals can guide you through the process. They can give you personalized advice, do the math, and help you make your real estate journey as smooth as possible.
Conclusion:
In the world of real estate, understanding the power of non-contingent offers can make a big difference, whether you're selling your current home or aiming to buy your first one. Connect with the experts to get the right guidance and enjoy a successful real estate experience without the wait.
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PRMI NMLS 3094. Branch NMLS 994598. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Arkansas Securities Department 11558. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act 4130403. Office of the State Bank Commissioner SL.0000524. Missouri Division of Finance. Oklahoma Department of Consumer Credit ML010027. This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas. TN-Department of Financial Institutions 109282. Consumer Voice