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Updated almost 7 years ago on . Most recent reply

User Stats

860
Posts
323
Votes
Mayer M.
  • Investor
  • Cherry Hill, NJ
323
Votes |
860
Posts

What would you do? Deal or no deal?

Mayer M.
  • Investor
  • Cherry Hill, NJ
Posted
Hey, So i have a flip for sale which has been on the market for a couple of weeks. The asking price is $230k and I have an offer for $225k cash six week close, but contingent on the buyer selling their home which was just listed. The home they are selling is in a great neighborhood and it is really nice so I don’t think they should have any issues selling. They will sign a first right of refusal so if I receive another offer I must give the current buyer 48 hours notice to remove their contingency, if they don’t I can go under contract with the second offer. My listing on the MLS will change to active/contingent if I go under contract with my current offer. What would you do? If never been in this situation, but I imagine many have. Thanks in advance for your feedback

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