Under Contract
I have a house under contract for 115k. The owner is very flexible when we closes and how or if the contract needs to be restructured as long as he gets his 115k. I have a buyer that is willing to pay 140k. How should I structure the contract or closings so I don't have to come up with the cash.
Talk to your attorney or your buyer's attorney they should be able to close your buyer first in escrow and then close your seller second with your buyers funds. You will receive your miney after the second closing.
Theclosings can occur simultanously, back to back, or even week to week for that matter. Make sure that your contract with the buyer is conditioned on the closong of your contract with the seller.
Congrats!