Tuesday, February 3, 2009
The contract--Home sale contingency
You have a home to sell--do you sell or buy first? Yes, no, maybe!! This is a market where some homes take forever to sell and others sell right away--we have no magic way to tell what will happen in your situation. We start by looking at your home and helping you "stage" it--that means we help you declutter your stuff--pack it up, you are moving and you need to sort what you are taking to the new place and what you are getting rid of. We have professional stagers too that come in and can bring items to make your home look like a model home, or just change things around and give it a new vision or eye (they are very reasonable for the time they spend and well worth the money!!). We then price your home to sell. That seems like a crap shoot at this time too--we want to price it low enough to get buyers to come through but we don't want to make it so low because you may--probably will--get low ball offers. (We will negotiate the low ball offers and hopefully get to a price you can live with.) We can always go out and find a home you love and put in an offer "subject to the sale of your current home". Some sellers will take it that way and some will reject it and hope they get a non-contingent home sale buyer. We can always put yours on the market with a clause that you get the home you want or have time to find suitable housing. Buyers would have to honor that and hopefully you would have 30 days or so to find a home and/or a place to live--and then another 30 or so days before closing. It always seems to work out--it is in the overall plan. So lets look at yours and I will give you my best advice and we can go from there with all the options presented to you at that time so you know what the best plan is and we can go forward from there. It is not an exact science and I am sorry for that but that is part of the challenge of this business. It is OK--I am a trained professional and for the most part, know what I am doing and you can trust me that it will be OK!!
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