In this episode we discuss when helping clients buy and sell a home at the same time it is important you talk with all the right people first. Speaking with a mortgage professional, tax professional, and or a legal professional all may be a good idea to save later issues. One of the most important things to understand is whether the client can own two homes at once or if they plan to buy and sell simultaneously. When we need to do it simultaneously we must put the proper contingencies in place to protect our clients. A home sale contingency means your client must sell their home in order to purchase a home they are offering on. A suitable housing clause says that your clients must find a house to move into in order to sell an interested party their home.
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