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Reply to "FREAKING out! Please tell me more is about to come on the market!"
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[quote=Anonymous]Congrats on selling your place OP! Agree that home contingency offers don't look as good to sellers, and if you don't want to risk the potential of two mortgages, you did the right thing by selling first. Good thing you have a place to go temporarily, although it may be inconvenient. Just saw some new listings this week in one of your preferred zip codes, so maybe you have some potentials now. We are closing next month in a nearby zip code (20850) and decided to find a house first before selling our current place (because we thought it would sell quickly and didn't want to be rushed into finding a new place). And we found a seller who accepted our home sale contingency offer. But, it took longer to sell our place than we expected, and we were very close to losing our new house. In fact, we had pretty much accepted that it would happen and we would be out the $ for appraisal and inspection and starting back at square 1. Fortunately, an acceptable offer came through within a few days of the contingency period running out and we are back on track. Very stressful though and I wouldn't recommend it. You will be able to move quickly once you find a place you like, since you have already handled sale of your current home![/quote]
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