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Real Estate Contracts >Contingency Sale
Sellers may be reluctant to accept an offer that is contingent on the sale of another property. However, such a sale can be structured to minimize the risks.
The seller should put a limit on the amount of time that the buyers have to accept an offer, and they should keep their home on the market during that time. They should also reserve the right to require that any contingencies be met within a short period of time, ideally 24 to 48 hours, if they get a second offer. This is called a "First Right" contingency.
Contingent sales can work well for the sellers. The buyer is not in a position to ask for concessions on price or terms and may be able to get interim financing. Each situation is different, however, so go over the terms with your real estate agent before accepting a contingent offer.
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What is currently the most sought-after amenity in the majority of upscale homes?
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| A |
Technology that "enables" a home with features such as structured integrated wiring and broadband Internet access is the current amenity of choice. |
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Paul Cuttic
RE/MAX Executive Realty
321 W. Lancaster Avenue
Wayne, PA 19087
610-977-5005
610-977-5000
610-688-8189
Fax: 610-977-5004
Email: PaulCuttic@BestImageAgent.com
Personalized service, knowledge of the marketplace, dedication and years of experience has set Paul apart from other agents. A Real Estate professional since 1979, Paul is among the industries most elite group having been inducted into the RE/MAX International Hall of Fame in 1999. This distinguished group is regarded as the most successful in the entire Real Estate industry. Building relationships through professionalism, integrity and sensitivity has been the key to his success. As an acative participant in the local King of Prussia, Wayne and Devon communities, Paul's expertise is unsurpassed and will serve you well whether you are a Buyer or Seller. Call or email Paul for a professional Real Estate consultation today.   
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