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Home of Choice Contingency & a Downpayment

My husband and I don't have enough money for a down payment, but according to comps (we live in a condo, the comps are other condos in our building and/or association), we can sell for around ~100k more than what we paid for our place.

Is it possible to put our home up for sale, have a buyer offer, then put in a Home of Choice contingency and use the impending money from the sale as a downpayment or proof of funds for our next home?

I live on the east coast of the US.

submitted by /u/Ravenclues
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source https://www.reddit.com/r/RealEstate/comments/qjmch4/home_of_choice_contingency_a_downpayment/
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