someone who is not serious about buying.
A funny thing happens when a home listed for sale goes under contract (even if that contract is contingent on the buyer selling their home). As soon as the MLS and its syndicated websites (such as Zillow, Redfin, Realtor.com, etc.) pick up the CTG (contingent) code, interest in that property drops to an almost nonexistent level. Take a look at the data chart below on one of my listings where the home went contingent.
Notice the views dropped to a handful per day.
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 84
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