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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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Q	What was considered the world's tallest building one hundred years ago?
A	The Eiffel Tower in Paris, France, completed in 1889 and standing 984 feet tall, is still considered one of the world's greatest structures.
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Heather and John Valenziano, REALTOR®, real estate agents and broker for South Haven, Saugatuck and Coloma Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Heather and John Valenziano
Coldwell Banker Weber- Seiler Realtors
455 Broadway
South Haven MI 49090
Office: 800-637-1141 Ext. 103
John's Cell: 269-214-6834
Fax: 269-637-3144
Email: info@heatherandjohn.net
All agents are not alike! Find out why we are top real estate experts in SW Michigan. Buying or selling a home is the biggest financial decision in most people's lives. For such an important event, don't you deserve the best in professional services? We are Accredited Buyer Representatives (ABR), Graduates of the Realtor Institute (GRI), and a member of the Council of Residential Specialists (CRS). Plus we are the Number1Expert team from Coldwell Banker Weber-Seiler Realtors that will deliver uncommon service before, during and after your purchase or sale. We've customized our services for the Internet empowered consumer who is searching for waterfront property, second homes, condominiums and primary residences. We are just a mouse click away!

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