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Updated almost 7 years ago,
What would you do? Deal or no deal?
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