When you are ready to Buy or Sell Real Estate in the Central New Jersey Suburbs of Berkeley Heights, Long Hill, New Providence, Watchung, or Warren choose your local "Neighborhood Specialist."
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Real Estate Tip-Contingency Contracts
Buyers walk into your home and fall in love with it. There is one problem-they will have to sell their home before they can buy yours. Their offer contains a contingency clause which makes the purchase dependent upon selling their present home.
Should You Accept Such An Offer?
Your decision should be based on several factors. Is their home being professionally marketed at this time, or are they trying to sell it themselves (a risky proposition!)? How long has it been on the market? Is it overpriced? If the house doesn't sell, can the buyers take out a bridge loan or make other arrangements to get to the closing table? How important is timing for you? Will the buyers agree to let you continue marketing your home and accept a non-contingent contract (and void theirs) if their house does not sell? Contingent contracts often work out well, but you need the help of a professional to weigh the pros and cons.
If you have any question about this tip – Please ask, or e-mail me directly with any Real Estate questions you may have. There is no obligation and you will hear back quickly.
Find a Home for Sale in Central NJ Suburban Real Estate
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See All Homes For Sale In Warren, NJ 07059 In Somerset County
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