AVOID THESE MISTAKES WHEN SELLING YOUR HOME (PT 11)

Mistake 11: Signing a Purchase Contract With an Unqualified Buyer

It's more than reasonable to expect a buyer to bring a pre-approval letter from a mortgage lender (or proof of funds for cash purchases) showing that he or she has the money to buy the home. Signing a contract with a buyer whose purchase of your home is contingent on the sale of his or her own property may also put you in a serious bind if you need to close by a particular date.

(Amy Fontinelle)