Question for Realtors re Contingent Offer

[Bruce Woodruff]

So let's say that you've got a house for sale and you accept a buyer's offer contingent upon the sale of a property they own.

Then you get a cash offer from another party wherein their Realtor tells you that in your state, if you, the seller, gets a cash offer, then Buyer 1 has 72 hours to come up with their money or lose their contingent offer.

Not getting anywhere looking this up, so BP is the go-to info machine.

Something sounds off about this.....?

[Russell Brazil]

Quote from @Bruce Woodruff:

Quote from @Russell Brazil:

Quote from @Bruce Woodruff:

So let's say that you've got a house for sale and you accept a buyer's offer contingent upon the sale of a property they own.

Then you get a cash offer from another party wherein their Realtor tells you that in your state, if you, the seller, gets a cash offer, then Buyer 1 has 72 hours to come up with their money or lose their contingent offer.

Not getting anywhere looking this up, so BP is the go-to info machine.

Something sounds off about this.....?

 Need to read the terms of the contract.

It doesn't address it at all in the contract. This is a FSBO by the way.....

Then if the contract does not state that they can kick out of the contract, they can't kick out of the contract.

That Realtor may use a contract that states that, but if it is not in the contract being used, then it's not there.