Quote:
Originally Posted by beavertonhomes
Contingent offers are complex and need to be well thought out and well written. They aren’t for everyone. But there are situations wherein the acceptance of a good and well-written contingent offer provides great benefits for the sellers that outweigh the risks.
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I haven't read the entire thread but this worked out well for DS and DDIL (and their sellers). The house had been sitting on the market for quite awhile, in an area of Des Moines with a not-so-hot school district. The sellers wanted to go into Assisted Living. I was very concerned about the starter home DS and DDIL were selling- built in 1928 with some nice original woodwork but nothing that would appeal to the HGTV crowd. And then they fell in love with the place they wanted to buy.
Fortunately, the sellers accepted a contingency offer. Even more fortunate, the house sold to a cash buyer within a couple of days of listing. They'd done what they could to de-clutter and stage and DDIL moved in with her parents and the two little kids (3 hours away) while the house was being shown.
I was so relieved- and they love the new-to-them house.
I really like your practice of having the inspections, etc. continue while the prospective buyers' house is on the market so there are fewer things to hold up or kill the deal when they buyers' house does sell.