Answers (5)
- RealEstateConsultan
- Contributions:28
Not clear on your question, but generically speaking.
It all depends on the market you are in.
Is it a buyers or sellers market?
If you are the seller (in a seller's market) and you are considering multiple offers you would most likely choose the one with less contingencies, consider them like road blocks, less contingencies -any of them- the better chances for the deal to go through.
If you are the buyer (in a buyers market) you would want to have as many contingencies as you can -need to-.
Being the "only" offer makes it easier for a buyer to negotiate better terms.
It all depends on the market you are in.
Is it a buyers or sellers market?
If you are the seller (in a seller's market) and you are considering multiple offers you would most likely choose the one with less contingencies, consider them like road blocks, less contingencies -any of them- the better chances for the deal to go through.
If you are the buyer (in a buyers market) you would want to have as many contingencies as you can -need to-.
Being the "only" offer makes it easier for a buyer to negotiate better terms.
- Scott and Shelley Weier, "De Luz Agents"
- Contributions:106
Please clarify under what circumstance are you referring subject to .... Are you concerned about conditions on a real estate purchase contract regarding buying or selling? Or Are you concerned about subject to clause when a buyer is assuming a mortgage loan? Thank you! : )
- Ofe Polack, "Ofe Polack"
- Contributions:3374
"Subject to" are contingencies which are part of every contract. Every offer is contingent upon financial approval, home inspection, receipt of letter of commitment, and any other contingency that the buyer wants to write in. The less contingencies in an offer the most appealing it is to the seller, that is the reason why on multiple offers, a cash offer without home inspection beats the others hands down. The worse of the contingencies is "subject to" the sale of the buyer's home.
- Tom Krueger, "TomKrueger"
- Contributions:1
"Subject to" or contingency clauses are a good idea in a purchase agreement. One example would be an inspection contingency. Should an inspector find any major problems with the house, you can either resolve the problem with seller or back out. What would be risky is if you are not certain of your decision to purchase a home, but sign a purchase agreement anyway with the thought in the back of your mind that you hope the inspection goes wrong so I can get out of this agreement. You should be hoping that the inspection goes well, or any problems can be worked out because you made a decision that this is the house for you.
- Scott and Shelley Weier, "De Luz Agents"
- Contributions:106
Subject to ... means you are qualified subject to .... Meaning you must qualify subject to your ability to pay the mortgage. The lender will allow you to assume the loan subject to them reviewing your application. I would contact the lender and obtain exactly what they require for the loan to be assumed subject to...Good luck to you!
Is it safe conduct a "subject to" buy or is it too risky? Please help.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.