Oftentimes, sellers approach us about contingent offers in Kansas City real estate. How do you sell a home with a contingency?
You can sell a home contingent on your home going under contract or closing. That’s preferable if you have a buyer’s agent for your second purchase. We call that a domino, since there can be multiple dominoes with closings that need to fall.
Contingencies can definitely complicate the process. Although we do this all the time, we don’t do it often in a hot market like this one. We’re experiencing bidding wars more and more often. There are more buyers than sellers right now, which is simple supply and demand. The market favors sellers, so buyers don’t have as much flexibility with contingencies.
You can sell a home contingent on your home going under contract or closing. That’s preferable if you have a buyer’s agent for your second purchase. We call that a domino, since there can be multiple dominoes with closings that need to fall.
Contingencies can definitely complicate the process. Although we do this all the time, we don’t do it often in a hot market like this one. We’re experiencing bidding wars more and more often. There are more buyers than sellers right now, which is simple supply and demand. The market favors sellers, so buyers don’t have as much flexibility with contingencies.
“
”
You can sell a home contingent on
your home going under contract or closing.
your home going under contract or closing.
”
As a buyer, you need to meet the seller’s demands to compete with other competitive offers. Don’t be surprised if a seller doesn't accept your offer if it relies on your home being sold. When you’re selling, you’re in the driver’s seat.
The good news is that we have a ton of strategies to navigate this. We have a lot of experience in different types of situations to prepare us for curveballs. We understand it can be scary, so that’s why we have these plans to help you out the best way possible.
If you’re thinking about buying or selling a home in the surrounding area, give me a call or send me an email. I’d be happy to help answer any questions you might have!
The good news is that we have a ton of strategies to navigate this. We have a lot of experience in different types of situations to prepare us for curveballs. We understand it can be scary, so that’s why we have these plans to help you out the best way possible.
If you’re thinking about buying or selling a home in the surrounding area, give me a call or send me an email. I’d be happy to help answer any questions you might have!
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