Q: My house is contingent on me finding a house. We have made an offer on a house and they accepted.
But then my realtor told me that if the new home does not appraise for what the offer was
I still have to go through with the sell of my home. That leaves us without a home. Is this so
That I have to go through with the sell.
A: Well it sounds like this might be the case, there's really no substitute by for investing in the time of an attorney to actually review the language of the agreement about what you're talking. It's the contract for sale of the home and your agreement with the realtor that's going to control. You need to look at the language in the agreement.
Bruce Martin Broyles agrees with this answer
A:
The answer to your question requires a review of your contract to sell your home. The sale of your home is conditioned upon you finding a new home. The language of that condition will be the key to determining your rights. "It is contingent on me finding a house." Any house, a house you can afford, a house that you can purchase, a house that is acceptable to you; there are a number of possibilities.
You need to have an attorney review the purchase agreement for the sale of your current house.
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