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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	Where is the world's largest dome?
A	The Louisiana Superdome, with a diameter of 680 feet, is located in New Orleans, Louisiana.
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Joyce Bruce, REALTORŽ, real estate agents and broker for Chesapeake, Suffolk and Norfolk Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Joyce Bruce
RE/MAX Alliance
717 South Battlefield Blvd., Suite 16
Chesapeake, VA, 23322
Phone #: 757-393-0440
Phone #: 757-621-5468
Toll Free #: 800-328-0043
Fax #: 757-393-2782
E-mail: joycebruce@NUMBER1EXPERT.com
Joyce Y. Bruce South Hampton Roads, Virginia Real Estate and Homes for Sale

South Hampton Roads also known as Tidewater consists of the cities of Chesapeake, Norfolk, Portsmouth, Suffolk and Virginia Beach. A great place to live, work, play and raise a family! Put my 20+ years of full time real estate sales experience to work for you! Selling? Buying? Have a question about Real Estate? Need professional Real Estate advice? I Want to Be Your Real Estate Resource for Life! My belief is that the only "dumb" Real Estate Question is the one that is never asked. I have received many awards during my career recognizing my professional accomplishments. However, my most cherished awards are happy, satisfied clients. Superior service, honesty, integrity, commitment to my clients, knowledge of the market and great negotiating skills are terms that former clients use to describe me when referring their friends, neighbors and relatives to me for their Real Estate needs. Clients are my #1 priority. Put me and my team to work for you today!

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