This is probably a dumb question. My father wants to sell his home and downsize to a smaller home. He has a nice chunk of $ to put down on next home, but ideally he wants to sell his current home and use the proceeds to purchase his next home without getting a loan. What is the best way for him to list his house and time it so he can pay for the next one and be in the clear? Do we put something in his listing contract that states the sale of his home is contingent on him finding and buying another home? I feel that may sway buyers away from buying his home. I suppose he could just buy a home he likes, financing some of the purchase, and then list his home and when it sells use the $ to pay off his mortgage on the new house? Not sure what the protocol is here. He is 80 so I think he just wants a clean, quick transaction without involving banks.
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source https://www.reddit.com/r/RealEstate/comments/uaodyw/sell_a_home_need_a_home/
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