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Real Estate Contracts >Contingency Contracts
Buyers walk into your home in your area and fall in love with it. There is one problem--they will have to sell their home before they can buy yours. Their offer contains a contingency clause which makes the purchase dependent upon selling their present home. Should you accept such an offer?
Your decision should be based on several factors. Is their home being professionally marketed at this time, or are they trying to sell it themselves (a risky proposition!)? How long has it been on the market? Is it overpriced? If the house doesn't sell, can the buyers take out a bridge loan or make other arrangements to get to the closing table? How important is timing for you? Will the buyers agree to let you continue marketing your home and accept a non-contingent contract (and void theirs) if their house does not sell? Contingent contracts often work out well, but you need the help of a professional to weigh the pros and cons.
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| Q |
Which famous skilled mason laid the cornerstone of the Capitol Building in Washington, D.C. in 1793?
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| A |
George Washington, the first President of the United States. |
See More Real Estate Trivia > |
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Nancy Reardon Prudential CT Realty 9R Hartford Avenue Granby, CT 06035 Office: 860-836-7506 nancyreardon@NUMBER1EXPERT.com
You can depend on my knowledge & experience in selling real estate for 24
years! Whether buying or selling, I will guide you through the entire
process from start to finish & beyond the closing! I have built my network
base by creating a life long commitment to my clients. Begin today by making
the right move, Call Nancy Reardon.
#1 Realtor Prudential Granby Office! Top 1% of Realtors Nationwide and #1
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