Filled with mysterious acronyms and confusing terms - we created these resources to demystify the real estate business.
Well, it all depends. The biggest challenge with doing this, of course, is potentially overextending yourself. For example, you don’t want to have an offer accepted on a house you want to buy, then not be able to sell your current home. In situations like this, buyers who need to sell their current home will often make a “contingency offer.” Such offers are, like their name implies, contingent upon the sale of their current home and only goes through when they sell their house.