Richard "RJ" Freedkin - CUSTOM COMPLETE GUIDE TO BUYING A…

As you can see in the red section, a seller who accepts a contract to sell their home will see traffic fall off dramatically. This means that a seller (hopefully advised by their real estate agent and or attorney), will only be willing to accept an offer that is contingent on a home sale that has a high likelihood of actually going thru. If the home buyer has not even put their home up for sale, the seller will have no idea if the home is going to be priced right, its condition, time on the market and many other factors they will use to decide whether to accept a home sale contingency. Also, if the seller has received other strong offers that are NOT contingent on a home sale (as we have seen from so many offers made the last couple years), the odds are they will take those offers over a home sale contingency offer. No matter how strong your offer may be, the chance of something happening out of your control that could happen on your home sale such as the buyer losing their job, or the buyer purchases something that affects their loan qualification or the home buyer just getting cold feet and backing out will all cause a home seller to think twice about accepting a home sale contingency over another offer that may even be for less money but is not contingent on a home sale. Again, the home seller does

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