Friday, June 27, 2008

What is a contingent sale and why is it important for me to know about?

If you are thinking about buying a new house and need to sell your current house to do so but are worried about how long it will take to sell your home, consider making a contingent offer.

A contingent sale is when a buyer is in a contract to purchase a house but that purchase is dependent on whether or not buyer sells their current home.

There are positives and pitfalls to a contingent sale so make sure you chat with your Realtor, Marco, before making the move. He will make sure that you know the ins and outs of being in a contingent sale.

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