What is a “Contingent Sale”?
A home sale contingency is a type of contingency clause frequently included in a real estate sales contract (or an offer to purchase real estate). With a home sale contingency in place, the transaction is dependent (or contingent) upon the sale of the buyer’s home.
What is the difference between a “Standard Sale” a “Contingent Sale”?
In a word — everything. There are so many moving parts for you, the Seller, and so many areas where you need protection: vetting the Buyer; negotiating terms to avoid a double move; regular communication with the Seller of the home you’re buying to avoid penalties or worse — cancelation.
Want to know your options, the particulars and the process? Ask a Contingency Sale Specialist. Call me today.
As an Area Sales Manager for a large New Home Builder, Chris has been a MASSIVE asset to my team. Understanding that we cannot close escrow on our home until our customer’s home has sold and closed escrow, the importance of receiving a quick and realistic price analysis for our potential buyers is paramount. Fortunately, this is one of Chris’s greatest strengths. Over the years I have learned that Chris specializes in cultivating relationships by listening to his clients (our customers) needs and creating urgency with his unique and extremely effective listing formula. I can count on weekly updates from Chris regarding our mutual customer’s listings as well as weekly detailed updates with homes that are in escrow. I feel fortunate to have Chris on our team!
When it comes to New Home Sales, Chris has strengths you just don’t find in other Agents. He knows the language and the expectations. He also has an impeccable track record as a Listing Agent specializing in Contingencies that speaks for itself. When my escrow department sees his name representing a Contingency they breath a sigh of relief.