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.
Michael and Rebecca Straley Capitol Premier Realty Licesed Realtor/Broker in the Commonwealth of VA 701 Kenmore Avenue #220 Fredericksburg, VA. 22401 Office: 540-479-4444 His Cell: 540-834-6263 Her Cell: 540-379-1949 Office Fax: 540-479-4445 All Contracts to : 800-657-0864 Email:: Michael@CapitolPremier.com Email:: Rebecca@CapitolPremier.com
Contact me and let's talk.
My goal is to listen, give you facts, and help you make informed decisions. I represent your best interest, there is no pressure, just good old fashion "red carpet" service.
We can move as slowly or quickly as you wish, but first you have to call...or drop me an email and I will take it from there.
It couldn't be any easier. Look forward to the opportunity to serve your real estate needs.
