When you buy a house contingent on selling yours, it means that you buy the house only in the case that your current home sells. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that your agent will add a contingency clause to the terms of the home offer. Contingencies protect buyers from carrying two mortgages, and they can go in three ways: You find a buyer for your home, and your contract for the new home moves forward as planned or you don’t find a home buyer in a specified timeframe (usually 30 to 60 days), the offer and contract for buying the new home is voided. Buyers may return any money sellers put in, and you start fresh searching for a new house. Also the sellers can put an addendum into the contract known as a kick-out clause, which means sellers can keep their home on the market, and if they find a new buyer while you are trying to sell your house, they will give you 72 hours to continue the contract or drop out so they can accept the new offer. Check out below to see what sold in Carriage Hill in December 2020:
41153 Coventry Road, Novi: 4 bedrooms, 2.1 bathrooms, 3,998 sq. feet, 3.5 car garage, Sold Price: $575,000
Carriage Hill Home Sold
December 2020
For more information on Carriage Hill, or similar Northville or Novi neighborhoods such as Royal Crown, Liberty Park and Yorkshire Place, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.