what protects a seller that hasnt found their next home: What is a Home of Choice Contingency? - 03/30/12 09:38 AM
What is a Home of Choice Contingency?
A home of choice contingency is a contingency in a real estate sales contract that protects a seller from having to sell their current home if they haven't found their next home.
In Northern Virginia, our home of choice contingency is as follows:
CONTINGENT ON THE SELLER PURCHASING ANOTHER HOME.  This Contract is contingent on until 9pm ______ Days after the Date of Ratification ("Deadline") to allow the Seller to obtain a ratified contract to purchase another home.  This contingency will terminate at the Deadline and this Contract will remain in full force and … (16 comments)

 
Chris Ann Cleland, Associate Broker, Bristow, VA (Long and Foster Real Estate)

Chris Ann Cleland

Associate Broker, Bristow, VA

Gainesville, VA

More about me…

Long and Foster Real Estate

Address: 7526 Limestone Drive, Gainesville, VA, 20155

Mobile: 703-402-0037

Office: 703-402-0037



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