Because of the hyper crazy market, we have been in the last three years, many buyers just sold their home first, banked the money, arranged to move in with family or friends temporarily while looking for and purchasing their new home. This gave them an edge when making offers as they could possibly be an all- cash offer giving them strength over other offers that relied on a mortgage for financing as well as not having to make an offer contingent on the sale of their home. This is still the best option if a buyer can make those arrangements but for those who do not have that option, the following will help to explain the scenarios that make a contingent offer more or less risky for a seller to accept. There are also other negotiating tactics I have outlined in another article I authored entitled "12 Strategies on How to WIN in a Multiple Offer Situation". Combining those strategies along with the understanding discussed below can help formulate and plan on the best steps and timing when moving forward to make an offer. If you have no choice but to make an offer subject to the sale of your home, the following three scenarios rate your offer success from worst to best: LEAST FAVORABLE POS LE POSITION - NOT HAVING YOUR HOME LISTED FOR SALE WHEN MAKIN R SALE WHEN MAKING AN OFFER ON A HOME If you need to sell your home in order to purchase a new home, you will be making your offer "Contingent" on selling your present home. If you have not put your home up for sale yet, do not expect a seller to look at your offer seriously. Why would they want to accept an offer on their home from a buyer who has not even put their home up for sale yet? They look at any buyer who makes a contingent offer without first having their home for sale as
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