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Real Estate Contracts >Contingency Sale
Sellers may be reluctant to accept an offer that is contingent on the sale of another property. However, such a sale can be structured to minimize the risks.
The seller should put a limit on the amount of time that the buyers have to accept an offer, and they should keep their home on the market during that time. They should also reserve the right to require that any contingencies be met within a short period of time, ideally 24 to 48 hours, if they get a second offer. This is called a "First Right" contingency.
Contingent sales can work well for the sellers. The buyer is not in a position to ask for concessions on price or terms and may be able to get interim financing. Each situation is different, however, so go over the terms with your real estate agent before accepting a contingent offer.
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What five basic components of a "smart home" can be controlled by technology?
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Lighting and window treatments, security and access control, data communication, environmental/energy management, and audio/video entertainment can all be operated by a "smart home". |
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Ed Leyba
Keller Williams Partners Realty
460 N. Wooten Rd., Ste. 110
Colorado Springs, CO. 80916
Phone: 719-651-0085
Fax: 719-387-1207
Email: edleyba@NUMBER1EXPERT.com
I am dedicated to the philosophy that satisfied clients are repeat clients. Running my client base from referrals and satisfied customers is my top priority. I work extensively with you, as a buyer or seller, to make sure your expectations and real estate needs and goals are satisfied. Think of me as your personal shoppers. I research the real estate market on a daily basis and use this information to help you determine the best price for buying or selling a home. I listen to your wants and needs in finding a new home and use my knowledge of the sales market to find that
perfect match.
Whether you are a first time buyer or an experienced investor, you will find useful information about how to choose the "right" property, making an offer, negotiating, financing, mortgage rates, moving, and everything involved in making an informed real estate decision in today´s market.
If you currently own property and are thinking of placing it on the market, this site contains information about preparing your home for sale, selecting the right agent, pricing your home appropriately, marketing it effectively, going through the inspection processes, and receiving a timely market evaluation.
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