Tips For Selling Your House: Why Contingencies Matter & How To Protect Yourself
Original Article
Because your home is more likely your largest asset, deciding to sell your home is not a decision that you should take lightly.
Everyone wants to sell their home for top dollar, fast and for the least amount of money.
26 Tips you should know to get your home SOLD for TOP DOLLAR @ the fastest time!
Tip #17 On contracts and contingencies . . when are they enforceable?First things first. .a contingency is a condition inside a contract
simple enough
If you are selling your home on your own, you should be familiar with this
So lets review what I think are the most common contingencies you will find. .
- Financing Contingency
- Appraisal Contingency
- Home Inspection Contingency
- The sale of another property Contingency
There are others as well. .
You may find contingencies for Radon test, Mold Inspection, septic tank inspection. .
The point is that you are going to find all types of conditions attached to the offer of purchase. .
An offer with fewer contingencies and a fair price should be more attractive for you than an offer with lots of conditions paying you a little more.
Can you negotiate a contingency?
Of course!
Inside a contract, everything is negotiable.
A great example would be to counter removing the sale of another property contingency.
As a listing agent advising my client, I would never relinquish the control of the sale to the marketing savvy of another agent or FSBO
What if their price is unrealistic?
Perhaps in another market. .
these days,
I would think twice before accepting an offer with a sale of another property contingency
Nothing is set..
You should consider all offers..
It all depends on your goals and if you are willing to take a gamble on the sale of your house.
Remember
Don't frown upon a contingency filled offer to purchase your home
Everything is negotiable!
Watch this video where I discuss when a buyer's deposit and contingencies trip many sellers during the sale of a home and you should be very careful. .
26 Tips you should know to get your home SOLD for TOP DOLLAR @ the fastest time!#1 Determine your home's value with your head and not your heart!
#2 You don't need a make over. .just move it over!
#3 Why are you selling?. . .a trick real estate agents use
#4 How should respond to Low Ball Offers?
#5 The DANGERS of Overpricing Your Home and How To Fix It!
#6 Make Buyers Bite with this trick!
#7 Negotiating Tips To Get More Money for Your House
#8 Should I put a lockbox on my For Sale By Owner House?
#9 How to protect yourself from BOGUS HOME INSPECTIONS
#10 HELP: Neighbor from HELL is keeping me from selling my house
#11 Approval letters for Donald Duck the buyer
#12 Neat trick to protect your property from scammers
#13 How to hire a FREE Attorney for your sale. .
#14 What to do if the appraisal comes in low -- HELP!!!
#15 How much earnest deposit money should you ask as a FSBO?
#16 What to FIX before selling your house?
#17 What are contingencies? and why they should matter to you..
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My dedication to the pursuit of quality seller representation in MD, DC or VA is my relentless determination to achieve perfection in my craft for the benefit of all my clients. I believe that my team of Real Estate Professionals are uniquely qualified to give you the results you are looking for as a seller.No matter if you are selling today or maybe years down the road, please contact me for all your real estate needs. You are going to like the way we do business.
Broker for Herboso & Associates
240-426-5754
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