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Real Estate Tips
Real Estate Contracts >Contingency Contracts

Buyers walk into your home in your area and fall in love with it. There is one problem--they will have to sell their home before they can buy yours. Their offer contains a contingency clause which makes the purchase dependent upon selling their present home. Should you accept such an offer?

Your decision should be based on several factors. Is their home being professionally marketed at this time, or are they trying to sell it themselves (a risky proposition!)? How long has it been on the market? Is it overpriced? If the house doesn't sell, can the buyers take out a bridge loan or make other arrangements to get to the closing table? How important is timing for you? Will the buyers agree to let you continue marketing your home and accept a non-contingent contract (and void theirs) if their house does not sell? Contingent contracts often work out well, but you need the help of a professional to weigh the pros and cons.

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Real Estate Trivia
Q 
How many step are there leading to the top of the Eiffel Tower in Paris, France?

A 
Visitors who walk to the top must go up 1,792 steps.
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Terese Brittingham and Thomas McCouch, REALTOR®, real estate agents and broker for Montgomery County, Berks County and Chester County, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Terese Brittingham and Thomas McCouch Sales Team
Keller Williams Realty Group

542 N. Lewis Road, Suite 100
Limerick, PA. 19468
Terese's Office Phone : 610-792-5900 x8101
Terese's Cell: 610-574-9271
Tom's Office Phone: 610-792-5900 x8102
Tom's Cell: 610--574-9272
Team Fax: 484-762-8157
Email: teresekw@gmail.com
Email: tmccouch@kw.com

Terese Brittingham - RM419528
Thomas McCouch - RS205607L

REALTOR


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