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Should I consider accepting contingent offers from buyers?

Should I consider accepting contingent offers from buyers? I'm not sure how this process works. What if a better offer comes in after I accepted an offer?
Asked By Levi | San Diego, CA | 148 views | Selling | 8 months ago
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Semi-Pro
83 Answers
Marty & Abby Champagne

RE/MAX Market Place

(33)

Well, if you do not have any other offers that is totally up to you to accept an offer with contingencies. It is a gamble, because yes, something could come in better or something might come in lower.
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Rising Star
20 Answers
Jamie Merwin

ZMD REALTY

Pros: Accepting a contingent offer means you don’t have to take your home off the market quite yet, since the conditions of the deal haven’t been met. If the buyer backs out of the deal, you can sell without having to re-list. In certain cases, some buyers may be willing to pay extra to have their contingent offer met. Cons: Home sales with contingent offers are usually slower than those without. It takes time to satisfy a buyer’s contingencies and additional time to communicate that they have been met. And of course, there’s always the risk that the deal could fall through. As always, trust your agent for guidance when facing contingent offers.

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Novice
2 Answers
David Gubler

IML Real Estate

(108)

if you have received multiple offer, as is very common in San Diego area at this time, then you probably would not/should not consider a contingent offer.

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