With such high demand in the market brought on by a housing shortage, many sellers still receive multiple offers for their homes even asthe market has cooledin 2023 and early 2024. As such, an offer that iscontingenton the buyer selling their old home is not as appealing to sellers who m...
Home inspection contingencies: Since the inspection may take place after the offer is accepted, you need to state that the entire deal is contingent upon an acceptable inspection report. If the house is on a well and septic system rather than city water and sewer, these should also be inspect...
Determine whether you need to sell your current home in order to afford a new one. If so, any offer to buy that you make will be contingent on that sale. Contingent offers are more risky and less desirable for the seller, since the sale can’t be completed until the buyer’s house ...