Realize that any offer you make that is contingent on a home sale is weaker than any other non-contingent offers a seller gets even if the price is lower, has less down payment etc. There are just too many extra "unknowns" with a CTG offer that a seller has to consider and if the deal falls apart, it could affect another purchase and move they need to make and so on. The domino effect can be dramatic. But at least having your home listed for sale will show you are more serious than a buyer who has not even listed their home yet. Keep in mind that if you have listed your home for sale and it has been on the market for a while (ie: 15 days or more) the seller may feel uncomfortable accepting your offer as your home is showing signs that it may be overpriced or having issues where buyers are not willing to make an offer. This would make any seller leery about whether they are taking a contingent offer where the deal could blow up due to your hoe not selling, BETTER POSITION - HAVING YOUR HOME LISTED AND HAVING YOUR HOME UNDER CONTRACT WHEN CT WHEN MAKING AN OFFER ON A NEW HOME The best scenario you can expect if you have to sell your home in order to purchase a new one is that you have your home already under contract when you make an offer on a new home. Even under this scenario however, a seller, when faced with two competing offers where one is contingent on a home sale and one is not, will typically choose the non-contingent offer. It’s almost like a seller having to choose from an all-cash offer versus one where the buyer needs a mortgage. BEST POSITION - An even better scenario is that your home is under contract and has already gone through and passed its home inspection. All these completed timeline steps make your home sale less risky to a seller. A good seller's agent should even
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