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I know it's stressful. Sometimes there's no way around it... but it isn't easier if folk here are making you second guess every decision... Remember none of us here on the internet have all the information you and your realtor have there.
Good realtor friend here often says, when stress is high... "No one ever died in a real estate transaction!"
I haven't wanted to fact-check the statement, but it seems like good advice... keep perspective. Most of these decisions are not life and death... Just time and money and paperwork.
There's nothing wrong with contingent offers. AT ALL. If the market is good, they are viable offers and you'd be a fool to reject them. We bought our home with a contingency two years ago (with proceeds coming from the sale of our house). We didn't offer the Seller any more money either. Our home sold the first weekend it was listed. It was sold by a competent realtor who priced it right and literally within forty eight hours we had offers. Meanwhile, the home we really desired had sat on the market for 14 days for some reason or another. Armed with a contract in hand and the fact that the seller's home didn't move as quickly, our contingent offer was quite strong and we didn't have to stand on our heads to get the home.
Around here (NJ), people generally don't accept contingent offers. People say sure come back when you are ready and if it's here it's here.
The other thing I am seeing are sellers who try to put contingencies that they need to "find suitable housing" before they will actually sell. Those I wouldn't even go see.
Anyway, the regional differences on this are interesting.
Around here (NJ), people generally don't accept contingent offers. People say sure come back when you are ready and if it's here it's here.
The other thing I am seeing are sellers who try to put contingencies that they need to "find suitable housing" before they will actually sell. Those I wouldn't even go see.
Anyway, the regional differences on this are interesting.
We're in a seller's market here too. But an offer is an offer. And our home was under contract in less than 48 hours, whereas theirs was still on the market for 14 days. The higher the price range the more the home may sit, especially if it hadn't been updated within the past five years. They weren't going to let good money walk. Each situation is different. To disregard a contingent offer is folly unless you know that your home is going to be sold within hours. Our seller did have leverage when it came to a leaseback, though. Which I will never agree to again...
We're in a seller's market here too. But an offer is an offer. And our home was under contract in less than 48 hours, whereas theirs was still on the market for 14 days. The higher the price range the more the home may sit, especially if it hadn't been updated within the past five years. They weren't going to let good money walk. Each situation is different. To disregard a contingent offer is folly unless you know that your home is going to be sold within hours. Our seller did have leverage when it came to a leaseback, though. Which I will never agree to again...
I agree you shouldn't let a buyer walk.
What I see around here is that sellers keep these types of potential buyers engaged by keeping in touch with them via the agents
But sellers don't go under contract with them with that contingency and they keep showing their house
Diana has given you the best advice you could ask for here. Things like this always have a way of bringing tensions to a boiling point but at the end of the process you can look back knowing it was all worth it, even if you had to do a little additional waiting. And there likely will be snags, but these things happen. We bought our house in NE moving up from TX under a contingency offer. We were through the option period by the time we made the offer here but it was still a tense process. Our buyers delayed closing for a week and then we fell into the holidays so it in turn delayed our closing more than a week. It was a tense period of time but at the end of the day we are happy in our new house and looking back it wasn't all so bad.
Sounds like these buyers love your house as much as you do, they'll do whatever they've got to do ultimately to get into it I bet.
I know it's stressful. Sometimes there's no way around it... but it isn't easier if folk here are making you second guess every decision... Remember none of us here on the internet have all the information you and your realtor have there.
Appreciate the kind words! Yes once you post something you open the door lol! But it's ok...I'm here just to post this journey and learning as well from others experiences...again thank you for your kind words
Good realtor friend here often says, when stress is high... "No one ever died in a real estate transaction!"
I haven't wanted to fact-check the statement, but it seems like good advice... keep perspective. Most of these decisions are not life and death... Just time and money and paperwork.
Diana has given you the best advice you could ask for here. Things like this always have a way of bringing tensions to a boiling point but at the end of the process you can look back knowing it was all worth it, even if you had to do a little additional waiting. And there likely will be snags, but these things happen. We bought our house in NE moving up from TX under a contingency offer. We were through the option period by the time we made the offer here but it was still a tense process. Our buyers delayed closing for a week and then we fell into the holidays so it in turn delayed our closing more than a week. It was a tense period of time but at the end of the day we are happy in our new house and looking back it wasn't all so bad.
Sounds like these buyers love your house as much as you do, they'll do whatever they've got to do ultimately to get into it I bet.
Agreed...I hope this is something we can all look back on realizing it's just another chapter in our life journey
And we thought they liked it as much as us...we thought there was motivation on the 21 days contingency however going into their 2nd open house they did not drop the price and they have 11 days left including today...again nothing we can do...just frustrating
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