When Is A Home Seller Likely To Consider Your Home Sale Contingency?


When Is A Home Seller Likely To Consider Your Home Sale Contingency?
By Scott Rogers • September 11, 2024
So, you have a home to sell before you can buy your next home... and you are not able to arrange financing to be able to buy before selling? Let's think through when a seller is likely to consider -- or not consider -- your home sale contingency. 1. If your home is not yet on the market for sale, and a house you want to buy was just listed and has lots of showings and talk of offers -- the seller is not likely to consider your offer with a home sale contingency. 2. If your home is listed for sale, and under contract, and a house you want to buy was just listed and has lots of showings and talk of offers -- the seller might be willing to consider your offer with a home sale contingency, if they don't receive (or think they will receive) an offer without such a contingency. 3. If your home it not yet on the market for sale, but the house you want to buy has been on the market for a few months without going under contract -- the seller might just be willing to consider your offer with a home sale contingency to give you time to hopefully secure a contract on your home as well to be able to proceed towards closing. So... whether a home seller will accept your home sale contingency is related to whether your house is already listed for sale, and if your house is already under contract, and whether the house you want to buy is a recent listing and whether the house you want to buy has lots of other competing buyer interest. So, it's not impossible to buy a home with a home sale contingency -- but it won't allow you to successfully pursue every house that you might want to buy. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 23, 2024 (unless otherwise noted).
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