Hi All,
A relative of mine is interested in buying a property to live in. She owns the house she currently lives in and so would need to sell it in order to proceed.
How is this best approached? Should she put an offer on the property with a clause stating that it is dependent upon the sale of her's?
Is a Due Dilligence clause a better way to go?
And what about the deposit? if she is unable to sell her current property does that mean the 5-10% deposit is lost? Is there any way to avoid this?
any tips from others who have bought this way would be appreciated.
Thanks!
A relative of mine is interested in buying a property to live in. She owns the house she currently lives in and so would need to sell it in order to proceed.
How is this best approached? Should she put an offer on the property with a clause stating that it is dependent upon the sale of her's?
Is a Due Dilligence clause a better way to go?
And what about the deposit? if she is unable to sell her current property does that mean the 5-10% deposit is lost? Is there any way to avoid this?
any tips from others who have bought this way would be appreciated.
Thanks!
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