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Old 08-20-2017, 07:23 PM
 
61 posts, read 49,882 times
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So, on a previous post I wrote how I love where we live, but not my master floor plan. We have been talking about moving in the same area, with a different floor plan. We looked at a house that is available where we live, perfect location and great floor plan. We had our agent ask if the sellers wood take a contingency offer. They came back with no, which we expected. Our house isn't listed yet. However, this weekend they came back with they would accept it, but wanted a larger earnest deposit and 90 days to sell our home. That seems risky. What is a fair type of contingency in this type of circumstances for buyer and seller? I do believe my home will sell, just not sure how quickly.
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Old 08-20-2017, 07:26 PM
 
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In today's market it would be a red flag to me if a seller was willing to take that kind of contingency.

What town is the potential house in?
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Old 08-20-2017, 07:48 PM
 
Location: Cary, NC
43,282 posts, read 77,104,102 times
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There is no "fair."
It is a negotiation, and there is only shifting of risk and financial consideration between the parties.

If I wanted a house, I would not hesitate to offer a huge DD Fee in return for acceptance of a Contingent on Sell offer.
Of course, a Contingent on Closing a contract offer is much stronger.
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