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Why is it so hard to figure out?

By William Feela

Real Estate Broker/Owner with WHISPERING PINES REALTY 20398180

May 01, 2013 08:09 AM

NO Contingent offers!

As any agent that is selling a foreclosure or a short sale and all will tell you that the lender will NOT take a contingent offer.

We tell our clients this. We explain that looking at a bank owned property is not helping them when they can't buy one anyway. I got this again today. My clients have to sell their home before they can buy the next one.

It is really simple...if your offer is contingent on you selling your home...in other words you have to sell the current home or you can't afford to buy the new house...looking at a home that will not take a contingent offer is wasting everyine's time.

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Gary Woltal

Keller Williams Realty - Flower Mound, TX

Assoc. Broker Realtor SFR Dallas Ft. Worth

You are very clear on this Bill.... people have to know the rules in this area.

May 01, 2013 08:18 AM

Mary Yonkers

Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA

Erie/PA Real Estate Instructor

William, unfortunately no matter what we say ahead of time they don't think it applies to them. I had developer/ builder who had same line. No contingencies. Buyers would still ask and buyer agents would call and beg, but the answer was still NO contingencies. Good luck.

May 01, 2013 08:41 AM

Joetta Fort

The DiGiorgio Group - Arvada, CO

Independent Broker, Homes Denver to Boulder

Thank you - I've got the same issue with one buyer, maybe I'll print out your post so he can see I'm not making it up!

May 01, 2013 08:51 AM

Caryl Dawson

Long & Foster Realtors - Gainesville, VA

Buyers want to see everything no matter the "no contingency" factor. Perhaps they will change someone's mind or they are special. Get your patience out of your pocket and use it Frustrating!

May 01, 2013 10:29 AM

Mark Loewenberg

KW of the Palm Beaches - Palm Beach Gardens, FL

KW 561-214-0370

why would an offer be even taken seriously with a contingency hanging over it... not in this market.. those days have passed.

May 01, 2013 11:07 AM

Vern Eaton

Askov, MN

Realtor 651-674-7449

Bill, thereare even more simpler issues we have a hard time getting out clients to understand.

May 02, 2013 02:46 AM

Debbie Laity

Cedaredge Land Company - Cedaredge, CO

Your Real Estate Resource for Delta County, CO

I hear you. I feel like a broken record. And how about the cash buyers that think they can come in and really LOW, LOW, LOW ball the offer because they have cash. Oh boy!!!!

May 02, 2013 12:51 PM

Randi Brammer

Randi Brammer, Acctg. - Hinckley, MN

Accountant & Tax Preparer

It used to be frustrating when I sold. I am happy I made the switch.

May 06, 2013 02:38 AM

Why is it so hard to figure out?

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