Friday, February 13, 2009
What Is A Contingent Sale?
Sometimes potential home buyers need to sell their current home in order to afford their 'next' place. Although not that common in Eastham and the Outer Cape (since many of the purchases are for second homes), it can be the norm in some areas.
The 'difficulty' is that the sellers aren't particularly interested in waiting for the buyers to secure a viable offer on their home. Sometimes the wait can drag on for significant periods of time, especially in the slow market that we have seen for the last few years. Fortunately, it doesn't have to be that limiting for the sellers. HGTV's FrontDoor website has an article that details these contingent sales. Go to FrontDoor.com.