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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 |
What unique contribution did the town of Flushing, New York make to the American home?
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| A |
The flush toilet was invented in Flushing. |
See More Real Estate Trivia > |
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Steve Dawson Prudential California Realty 2051 Mount Diablo Walnut Creek, CA 94596 Direct: 925-788-7572 Fax: 925-938-4526 Email: steve.dawson@prurealty.com
When you hire me as your real estate agent, you can do so with the confidence that I bring the market knowledge and professional experience necessary to do the best possible job as your representative. “I guarantee knowledge, integrity, and a commitment to excellence in the field of Real Estate." 
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