sbgrace Posted September 6, 2012 Share Posted September 6, 2012 (edited) Would you enter into a real estate contract contingent upon the buyer's home sale (under contract right now) closing? The realtor suggested we write up our own contingency that they must provide written proof their buyer has been approved for a loan and that their buyer's approval for the loan isn't also contingent on selling a home. I don't know how she would word it. My understanding is they sold their home to someone they know without an agent so I'm not sure what's the status. Our agent says it's been three weeks since they entered contract. Does this seem terribly risky? Our home has been on the market a bit over two weeks. We haven't yet made a counter to a low offer so it may be a moot point anyway. I'm just worried about the contingency given our home hasn't been on the market long and we'd be out of time to sell a house (closing is Oct 31) if this fell through. Edited September 6, 2012 by sbgrace Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.