At the Jane Campbell Team, we know firsthand that every real estate transaction is different for every buyer, seller, and investor. One of the more common transactions we see is a transaction with contingencies of the buyer’s home selling to complete the sale.
When a seller agrees to a contingency clause from a buyer, they are accepting a large risk. The risk is linked to the cost of the appraisal, repairs, and then… the buyer’s house doesn’t sell. The consequences of the latter can lead to your house not getting sold and lost time on the market.
When you list your house for sale with the Jane Campbell Team, we take careful consideration to review a potential offer. There are some clauses we can put into the contract to protect you from a broken sale.
Some factors we review while advising you on accepting the offer are:
How long your house has been on the market
List price for your house
Estimated sale price of the buyer’s home
What the average sale timeline is for your neighborhood
If the buyer’s house is under contract with inspections and appraisal completed
If all of these factors are in good standing, we may advise you to take the offer. It will all depend on the current real estate market in Middle Tennessee, buyer funds, and timing the purchase with your needs.
Post by: Jane Campbell & Brittney Whidden
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