Is a CONTINGENCY STILL a CONTINGENCY even if it is really SMALL?

I'm still trying to figure out with what you wrote if you DELIBERATELY did this poor spelling or not. Oh well, enough people have let you know Scott. As a seller avoid ALL contingencies if at all possible. They only HELP the buyer.

Hello Scott:

Good point. Contingencies shift risk back on to the seller and that causes problems no mater how small.  A contingency that the sun will come up tomorrow is still worse than an offer without that contingency.

Scott-pretty straight forward, adding a contingency is an automatic rejection. Thanks.

And while we're at it, I like to see offers professionally written without spelling and grammatical errors . . . but that's just me. 

Contingencies are a hot button issue. A good buyer's agent should NEVER advise their buyer-client to remove contingencies that are truly material to the buyer.

However, the issue is moot if there is no way, no how that the buyer's offer will see the seller's signature. ESPECIALLY when that seller is a bank.

It's a reminder that we all risk in real estate transactions. So if you want the house, make that offer clean and neat.

Yes, I mean the buyer too! ;)

It's amazing how people will try to "skirt" the rules thinking that they are above someone else telling them what to do.  I'd reject completely and loudly someone who put in an offer that was contingent upon.....when they were told specifically not to do that.

It is amazing to me how often people think that rules are always for "other people." Is it nature or nurture... were they born this way or created this way by their upbringing?

Nice point. Thanks for sharing and have a great day.

Oh yea, please check your spelling :)

Scott: What was the agent thinking in a REO? At least in a short sale you can ASK, but don't bank on anything.

Sometimes an agent thinks that a contingency or two are necessary to protect the buyer – the client. Sometimes a contingency cost the buyer an opportunity to buy a house. Your post is an example of the latter…and an agent who, perhaps, has learned a lesson in a competitive market.

Scott, A great post.  You handled the comments about spelling so well.. .

Scott,

Sometimes the grammar police need a shoe thrown at them. Nice post.

This highlights all that can go into an offer.  It is more than just price, people.

Scott:

Buyers and their agents should carefully read the remarks in the MLS and comply with those remarks.  If they need a contingency, then they should not make an offer on the home.  The lender will turn down their offer because it does not meet the lenders requirements.

Well Well what a great post and such good comments, I never miss a learning experience. Thanks Scott

Very well said, Scott ---- "All agents are not experienced in buying or selling Bank Owned Homes. Choose one that is."

In fact, I should have a shameless plug here and ask them to choose ME! Why not?...lol.

Scott - A small contingency is definitely a contingency.  I guess they didn't understand that?

Most all of the REO properties DO NOT want any conditions, and in a market like ours, with low inventory and multiple offers, a contingency is going to cause the offer to be passed on.

I notice that the longest and snarkiest comment regarding spelling had its own spelling errors in it...

Amused by how different people responded to your purported error in spelling. . .