14 Jan Do Contingent Offers Work in This Market?
Contingent offers aren’t ideal, but they aren’t always the risk that some make them out to be. Here’s what you need to know.
Contingent offers have become a popular topic of conversation. Sellers get concerned that their contingent offer won’t be accepted, and they don’t want to take the chance of selling before they find a new home and becoming homeless.
First off, I’ll never let you go homeless. Second, here are a couple of strategies that we use with contingent offers.
One strategy for sellers is the “contingent upon finding a replacement property.” This allows you to put your home on the market while also ensuring that it won’t sell until you find a new home. This gives you the ability to find your new home without the risk of losing your current one. We’ve been able to do this multiple times for our clients.
“You shouldn’t worry about contingent offers.”
Another strategy is to write a contingent offer as a buyer that states your home purchase won’t close until your home sale does. I know many local Realtors who have faith in our marketing and our track record of getting homes sold and purchased, so the contingent offers we bring them aren’t as big of a deal. It’s all about getting the facts and details together.
No, you shouldn’t worry about contingent offers, and yes, there are plenty of strategies out there to help you find your new home without the risk of being homeless.
If you have any questions for me, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.