Selling your current home to fund the purchase of your new home can be done using a home sale contingency. If you're planning on writing your offer contingent on the sale of your home, we can help. When creating your offer, you’ll be asked if you plan on selling a home to finance this purchase. Click YEP, then you’ll be prompted to provide us with some information based on the following scenarios.
Scenario 1: Your home is in escrow
If your home is in escrow, please upload your escrow settlement statement.
The settlement statement shows an itemized list of charges for both the buyer and the seller. It contains fees charged by the title company, mortgage fees, taxes and other costs to complete the sale. Final amounts at the bottom of the first page show the buyer’s amount due at closing and the seller’s net proceeds from the sale.
Scenario 2: Your home is on the market
If your home is on the market but not in escrow yet, you can attach your listing agreement or provide us with the MLS number to your listing.
A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property.
Scenario 3: Your home is not yet on the market
If your home is not on the market, please provide us with a Seller's Net Sheet. If you are selling through Opendoor, we can accept the Opendoor Net Sheet.
A seller’s net sheet is a document that gives the seller an accurate estimate of their net proceeds (the amount of money they’ll make after expenses like closing costs) from the sale of their home. You can typically obtain one from your listing agent.