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"Is a Contingent Offer in the Hand worth Two in the Bush?"

By Rich Jacobson

Real Estate Agent with Fathom Realty West Sound WA State 52404

September 28, 2007 12:07 PM

A while back, I wrote an article entitled, "Putting the Cart before the Horse: Making a Contingent Offer." It was written specifically to advise Buyers on the pro's & cons of writing a contingent offer. This time, I thought I would offer up some helpful counsel for Sellers on how to respond to contingent offers.

According to Webster's Online Dictionary, the word 'contingent' has several meanings. Can you guess which one is most applicable to real estate?

1 : likely but not certain to happen : POSSIBLE
2 : not logically necessary; especially : EMPIRICAL
3 a : happening by chance or unforeseen causes b : subject to chance or unseen effects : UNPREDICTABLE c : intended for use in circumstances not completely foreseen
4 : dependent on or conditioned by something else; contingent on fulfillment of certain conditions
5 : not necessitated : determined by free choice

To find out more about how Sellers should respond to 'Contingent' offers, go to SOUNDBITEBLOG (opens up in a separate window for ease of viewing)

another fun, quality consumer-oriented article by Sparky

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Robert Hammerstein -

Christie's International Real Estate - Hillsdale, NJ

Bergen County NJ Real Estate

Hi Rich,

Left you a comment on your other Blog but forgot to mention that I loved this picture. I get it! A bird in the hand is worth two in the Bush. Very clever my friend!

Sep 28, 2007 12:59 PM

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Rich I see this is another go read my other blog Posts for the answer :)

OK let me guess ....... I pick number 4.

Sep 28, 2007 03:09 PM

William Johnson

Retired - La Jolla, CA

Retired

Hi Rich, I am subscribed to your other site . I meant to ask my helpful adviser Jim, about leaving comments. Because I pick it up on the feed, there is no link to comment. Am I supposed to go the site to do that? Dumb question but On the Google feed there is no place to comment.

Sep 28, 2007 04:16 PM

S W

Seattle, WA

Great blog post, Rich!! I read it in it's full length and I think it's brilliantly written. I actually assumed it was more than just one of the definitions (in a lose interpretation sort of way!) The question is, is one bird in the hand really in the hand? ;)

Sep 28, 2007 11:03 PM

Derek and Mariana Wagner

The Artisan Group- Keller Williams Premier Realty - Colorado Springs, CO

The Artisan Group - Colorado Springs REALTORS®

Okay - I will check it out and return ... muah ha ha !

Sep 29, 2007 04:46 AM

Wow! That was some excellent information for your neck of the woods. Real Estate is so multi-faceted. There is ALWAYS something new to consider, isn't there?

Sep 29, 2007 04:49 AM

Dionne Morgan

Realty World Solano Realty - Vallejo, CA

Broker REALTOR ,GRI, e-PRO

Contingencies, must be weighed. The time frame could be critical to the deal. Like poker you have to know when to hold them and know when to fold hem.

Sep 30, 2007 07:15 AM

David Dee

RMX REALTY - Alhambra, CA

Real Estate - San Gabriel Valley (L.A.) & N. Orang

Rich,

Great post and well said!

Dave

Oct 03, 2007 05:24 PM

"Is a Contingent Offer in the Hand worth Two in the Bush?"

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