Would you make/accept a contingent sale in this market? (Houston: sales, loan)

[LLLegalien]

Hi there -

I am considering buying a home in Houston. We already own a home and will be moving out of it and into the new home in Houston. In the past, I would have immediately assumed that I would need to get a bridge loan to handle the transition. However, in this bizarre housing economy, I am hearing a lot of talk about contingent sale offers. Have you or do you know someone who has made one/accepted one? What would you do if you were in my shoes. I feel pretty confident that my current home will sell within 60 days from list at a reasonable price.

Thanks!

[Mom2Feebs]

If you do an offer with contingency, be prepared to make a sacrifice, i.e. pay your closing costs, get as close as you can to the asking price, etc.. As an agent, I would advise my sellers to find out all there is to know about your house, neighborhood and sales in the past 90 days to determine whether a contingency is acceptable.
Contingencies are not the norm in Houston's market. You have to have a very strong property in order for one to accept a contract with one.

[Dallas_Guy]

Me personally, no.
How do you know if they even have their home priced correctly.
They may have to get a certain price before coming to the table with money.... and will hold out.... and hold you up.