Donna DeRubeis
REALTOR®
(DRE License Number 01487802)
REALTY EXECUTIVES 24106 Lyons Ave. Santa Clarita,
CA
91321 661.286.8600 ext 4148 661.618.5959 Contact Me Visit My Web Site Print Newsletter
Beautiful Castaic Townhome Detached condo with 3 bedrooms, 3 bathrooms approximately 1650 sq. ft. Offered at $259,900
Real estate contingencies make comeback During the recession of the early 1980s, when mortgage interest rates hovered near 18 percent, few home buyers could qualify for financing, particularly if they already owned a home that needed to be sold before buying a replacement home. Offers made contingent on the sale of the buyers' current home were popular.
Contingent-sale offers are increasing in the current housing market. Most buyers who want or need to make a move to a home that better suits their current lifestyle can't qualify to buy before selling their existing home due to stringent mortgage-qualifying criteria.
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