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When Selling a Mountain View Ca Condo Which Contingencies Are Riskier?
If you are a Mountain View condo seller which do you think is riskier for you, not the buyer, taking an offer with a loan contingency, or taking an offer for your Mountain View condo for sale with an inspection contingency?
This question pre supposed several givens:
1. You have multiple offers from which to choose
2. The buyer has been fully pre-approved by a direct lender, is from this country or has the legal status necessary to obtain a loan, and did not ask for an appraisal contingency.
3. You have done all of the inspections on your Mountain View condo before the sale including property, termite, roof, chimney, and have all of the HOA documents.
So assuming all of the above conditions have been met, and you have several offers which are around the same price, which would you prefer?
As a Mountain View Real Estate Agent my choice is different than what you may think.
I think it is riskier for a seller to take an offer for the home being sold in Mountain View from a buyer with no loan contingency, but a property/disclosure contingency.
Here is my thinking/experience:
1. Most buyers in this market have ample income and assets to get a loan. As ... more

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