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Buyers walk into your home in your area and fall in love with it. There is one problem--they will have to sell their home before they can buy yours. Their offer contains a contingency clause which makes the purchase dependent upon selling their present home. Should you accept such an offer?

Your decision should be based on several factors. Is their home being professionally marketed at this time, or are they trying to sell it themselves (a risky proposition!)? How long has it been on the market? Is it overpriced? If the house doesn't sell, can the buyers take out a bridge loan or make other arrangements to get to the closing table? How important is timing for you? Will the buyers agree to let you continue marketing your home and accept a non-contingent contract (and void theirs) if their house does not sell? Contingent contracts often work out well, but you need the help of a professional to weigh the pros and cons.

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Glenna Nesbitt and Shelton Floyd, Realtors
Coldwell Banker J. Wesley Dowling & Associates
8805 Line Avenue Suite 100
Shreveport, Louisiana 71106 USA
Licensed in the State of Louisiana
Glenna Direct Line: 318-869-5833
Shelton Mobile: 318-422-1102
Main Office: 318-861-2461
perfectpartners@coldwellbanker.com

Glenna and Shelton are life long residents of Shreveport. Glenna and Shelton were awarded the International President’s Circle-Coldwell Banker, Diamond Society Team-Coldwell Banker, Circle of Excellence and Circle of Honor. They are Top Producers and Certified Luxury Home Specialists. Call or email today - The Number 1 Team for Coldwell Banker in Shreveport since 2002. Each office independently owned and operated.