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Old 07-01-2009, 10:46 AM
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judyo judyo is offline
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Join Date: Jan 2005
Location: Oak Lawn, IL
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Default Re: Steps & Strategies

Many sellers will not accept a contingent on sale contract in this market. Do you have a place you can stay if you sell your home first and cannot find another home quickly enough?

If you try to find a home first, you run the risk of the seller not accepting your COS contract or being bumped if they do. I'd rather sell first and once I got an accepted contract I'd probably start looking since a Contingent on Close contract is more acceptable to sellers.

However, I'm seeing pre-approved buyers getting turned down by PMI companies and other crazy stuff so it ain't closed until it closes and can create a bad domino effect.
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Southwest Chicago Suburbs Real Estate is an affordable area with close access to downtown Chicago. Money Magazine says that Orland Park real estate is one of the best places to live in the U.S. Next door you can find Tinley Park homes for sale and get Orland Park amenities at a more affordable price.
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