Home sale contingent offers

[Jeremy Dockendorf]

So I haven't selected an agent yet for a SFH I'd like to sell soon. But I got to wondering a question maybe someone here with more experience can answer for me.

When a buyer gets an accepted offer that is contingent on selling their current house, does the seller typically still take competing offers in hopes of getting something better?

[Yeuri Rebolledo]

You cannot cancel a fully executed PA for a higher offer; is not ethical either. However, the seller can let the other potential offers know about the buyer's contingency and keep them in mind if the deal doesn't go through. If the buyer's home doesn't sell by the specified date on the contract, then the PA can be terminated and the seller can go with a different offer if still available.