THE MADRONA GROUP SUCCESS STORIES VIDEO SERIES
How Long Does It Take To Get A House On Market and SoldJuly 6, 2019
Negotiating a Home Sale Using The Power of RelationshipsJune 15, 2019
How To Protect Home Equity Even When You Buy Right Before A Market Crash [VIDEO]June 7, 2019
How To Win A Real Estate Bidding War | Success Stories [Video]June 3, 2019
HOW TO BUY CONTINGENT ON THE SALE OF A DIFFERENT HOME
You Can Win A Multiple Offer Buying Situation without selling your home first
In this video Joe Kiser interviews Jason Fox about a recent sale in which we represented the seller of one home and simultaneously the buyer of another.
The simple answer to the question is yes. But, like most real estate answers there are a million variables that come into play.
In this video we discuss a client that needed to sell her Kirkland Rambler in order to buy a new home in Bonney Lake where she could retire near her siblings.
Timing is very important when trying to buy contingent.
Watch the video to find out how it turned out.
Can You Buy A House While Selling Your Current House [VIDEO TRANSCRIPT]
Today we’re gonna talk
about the time Jason was holding an
open house had somebody that wanted to
write an offer on that open house and
then later he was able to make an offer
for our sellers off the open house. Is that
how it went?
Something like that.
So tell me how
it went. You’re holding an open
house it’s your listing.
Yes, we had a
nice little Rambler out in Kirkland and
you know we were weren’t sure if
we’d get multiple offers so we
were taking offers as they came.
A buyer came through and they said,
hey you know we might want to put an
offer on this house today.
Okay, and did they submit it?
They submitted the offer.
I presented it to the
seller, the seller was excited
because earlier that day she had
gone out to Bonney Lake and found a
house that she got super excited about.
In order to buy the house in Bonney Lake
we we’re gonna go contingent.
We wanted to have that
house in Kirkland house sold
before or be in mutual before we made an
offer on the Bonney Lake house.
because that puts us in a little bit
Right, so did you have to wait till
Monday to do all this?
got home at Sunday, I was in Kirkland, I
got home about 4:30 p.m.
I received the offer on the Kirkland house
presented the offer to our seller we
accepted the offer and went into mutual.
Previously I already had started calling
the agent of the house in Bonney Lake.
I found out that they
had also received an offer.
Oh so you probably sold the
Kirkland house but not the Bonney Lake house?
I said hey, what do I need to do to get my
client into your house because she loves it
and she’s super excited. I got the
details of what needed to happen and it
wasn’t that bad. Because we were in
mutual we didn’t have to go full contingent,
we could go pending sale. That’s
a little bit stronger offer. Which is
something you can do right now because
the market has been cooling off.
I guess I’ll just recap it a little bit.
You’re working an open house covering
the business while your partner’s out of
town on vacation. You’re up holding
the open home somebody comes in they
want to make the offer you guys are able
to come to terms on that offer. In
addition it puts you in a position to
actually present a strong offer on a
purchase for your seller. So at the end
was everybody happy with the situation?
buyer got himself an investment
property, our seller was super
excited, we also got rent back so
she had two weeks to get her affairs
in order. Her new place is on like an
acre it’s super amazing we just saw
pictures on Facebook the other day. She’s
Well thanks for watching guys as you can
see every deal needs a special touch
and a little finesse so if you have any
questions or are looking to strategize on
your real estate move please talk to
Jason or I we would love to help you.