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Pat Safian, REALTOR®, real estate agent and broker for Fort Worth and Benbrook Texas home listings, property and land for sale - NUMBER1EXPERT(tm)
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 817-690-6094.


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Real Estate Tips
Real Estate Contracts >Contingency Sale

Sellers may be reluctant to accept an offer that is contingent on the sale of another property. However, such a sale can be structured to minimize the risks.

The seller should put a limit on the amount of time that the buyers have to accept an offer, and they should keep their home on the market during that time. They should also reserve the right to require that any contingencies be met within a short period of time, ideally 24 to 48 hours, if they get a second offer. This is called a "First Right" contingency.

Contingent sales can work well for the sellers. The buyer is not in a position to ask for concessions on price or terms and may be able to get interim financing. Each situation is different, however, so go over the terms with your real estate agent before accepting a contingent offer.

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Real Estate Trivia
Q 
What are the three most common environmental toxins for which homes are tested?

A 
Mold, asbestos, and lead are tested by specialized inspectors as a regular part of many real estate contracts.
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Pat Safian, REALTOR®, real estate agent and broker for Fort Worth and Benbrook Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Pat Safian
Virginia Cook, Realtors

2900 S. Hulen, Ste. 10
Fort Worth, TX. 76109
Cell Phone: 817.690.6094
Text: 817.690.6094
Email: Pat@PatSafian.com

Your home is one of your biggest invesments. You should not feel rushed when making such an important decision. I have the patience to help you find the best home in your price range.

REALTOR ABR CRS ePro MLS Equal Housing


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