The last most common contingency is a home sale contingency. This will be included in the offer of a buyer who needs to sell their home before they can purchase yours. If a home sale contingency is part of an offer, you need to make sure your agent finds out if the buyer’s home is actively listed on the market or under contract. Your agent should also find out if the home is priced to sell or positioned to sit on the market for awhile.
Offers with contingencies are not bad. In fact, most will have them. Just make sure you fully understand why the buyer has included a contingency and how it will affect your timeline and overall sale.
If you have any questions about contingencies or if you have any other real estate questions you’d like me to answer, please don’t hesitate to give me a call or send me an email. I’m always happy to help!