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Buying or Selling a Home/offers w/ contingencies
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Question
I am in the process of selling my home through FSBO. I have some interested parties, one in particular wants to make an offer, but said she'll have to make it contingent on selling her home. Are there any ways to accept her offer with a contingency of my own? One that would allow me to accept a better offer from another potential buyer and release me from the orginal buyer's contract? Any advice you have is much appreciated!
Thanks in advance!
HI Matt,
Thank you for your question.
Going into contract with someone who has a house to sell makes you subject to the sale of their house. You are really not in contract. So, you could make a contract with them subject to the sale of their house, but if you got a better buyer first you could dump them???
Just don't bother with these contracts and wait fot a ready and able buyer, which could be them if their house is sold.
Hans.
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Answers by Expert:
- Dick Dennis
- Jessica Bryan
- liznarr
- Hans Weber, Licensed Broker Associate
- Sue Bernstein
- Karyn Foley
- Dottie Worthington
- Jim Root
- Russel Ray
- Connie Wildasinn-Broker,GRI,RealtorŪ
- Todd C. Menard
- Diann Tonnesen
- John Hendricks
- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Hans Weber, Licensed Broker Associate
Expertise
I am able to answer questions related to buying or selling residential real estate in New York. There are many questions buyers and sellers have about the process of buying or selling a home that they are afraid to ask or that might seem too simple to ask. For instance: in a house, why do some doors open in and some doors open out?
Experience
Licensed real estate agent in New York State in 1988.
Serving buyers and sellers as a full time occupation since 1988 with over 300 successful residential real estate transactions.
Organizations
National Association of Realtors.
Westchester County Board of Realtors.
Education/Credentials
Graduate of Pace University in 1988 majoring in business and minors in taxation and computer science.
Awards and Honors
Consistently one of top sales awarding winning agents for Coldwell Banker in Westchester County.
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