🤔Why beware of a property contract race when homebuying and what is it?
A contract race is where a seller agrees to exchange contracts with two or more potential buyers - there are no guarantees you'll win!
A decision to sell this way is usually when a homeowner is under pressure to sell or are at risk of losing their sale altogether.
These are far from ideal but they are legal and they do happen, so in this video we break down what they are and why they happen.
Tune in to watch and you'll learn:
👉What a contract race is
👉What happens
👉What you need in place
👉What the risks are for a homebuyer
👉How to make sure you're the buyer that a seller will stick with
If you've bought this way before we'd love to hear your story - please add to the comment below 👇
Also, if you've got a question on this or any other property-related topic - please post below 🙂
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