However, in a seller's market, as we had prior to 2004-2005, a buyer would most likely not be able to use this contingency as easily because of fewer homes on the market and more buyers for the seller to chose from. What would be your situation. You are not an employee.
Inform your existing Note Payor, after you have accepted a cash-purchase-quotation and due diligence is accepted, that you intend to sell your Promissory Note of which he is the payor.
What would be your situation. Sometimes, the seller will require it to be written to their agent's company.
