There is a risk of the mortgage falling though if there’s an issue with the inspection or survey, or if the buyer does something stupid like taking out loans before the sale is finalized.
In fact, I got my house because the previous buyer’s mortgage fell through. Mine almost fell through because it was only a 17 day closing and apparently it was survey season. Had to pay triple to get it expedited.
There is a risk of the mortgage falling though if there’s an issue with the inspection or survey, or if the buyer does something stupid like taking out loans before the sale is finalized.
In fact, I got my house because the previous buyer’s mortgage fell through. Mine almost fell through because it was only a 17 day closing and apparently it was survey season. Had to pay triple to get it expedited.