Making a subject to sale offer on your next home
Making an offer that is subject to sale can feel like a bit of a gamble, but it's often the only realistic way to climb the property ladder without the terrifying prospect of owning two houses—and two mortgages—at the same time. It's a common scenario: you've found the house of your dreams, but your current place is still sitting there with a "For Sale" sign in the yard. You aren't made of money, so you need the equity from your current home to pay for the new one. This is where the "subject to sale" condition comes into play, acting as a sort of safety net that lets you commit to a purchase while keeping an escape hatch open. ...