Tag

contingent sale

“The Buyer’s Buyer’s Lender” (aka “the Backup Home Buyer’s Lender”)

“I Know What You Meant” Department: Contingent Offer Confusion Residential real estate is full of confusing, non-intuitive (if not counter-intuitive) terms. Like, the Realtor that the industry calls “the Selling agent,” once a deal closes, actually represents the Buyer (the agent representing the Seller is known as “the listing agent”).  See, “Quick! Who Does the...
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Daisy Chains, Dominoes & Contingent Offers

Needing to brush up on “contingent sales” (when a Buyer agrees to buy a home contingent on selling their current one), I hit the Internet in search of useful insights the other night. Mostly, what I found was misleading or wholly inaccurate information. But, I did encounter this nugget:  apparently, somewhere in California recently no...
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