Guess Who's Back...

The contingent offer is creeping it's way back into the lives of sellers. If you're selling your house, do not be surprised to see a contingency in the offers you receive allowing the buyer time to sell their own home before moving forward with yours. They're not coming back strong yet, but we're seeing them and hearing about them a lot more than we used to.

With homes taking so long to sell right now, people are having to place contingent offers on the the homes that they want to purchase to make sure that they're not stuck owning two homes in a market when there's no telling when the first one is going to sell (without dropping the price too much, that is).

And sellers are starting to be a little more open to these offers again, because they need their home to sell too, obviously.

It's something that we, in the Seattle area, haven't had to deal with in quite a few years. But it's working it's way back as our market cools.

It's not a bad thing to accept a contingent offer. Just make sure you understand what it means to you, as a seller, before you accept it.

If you're thinking about buying a house but need to sell your own home... think about using this. It is a great tool to hopefully get you the home that you want and allowing time to sell your current home.

If you have questions or thoughts about this, call me, email me, leave a comment below, whatever. And if you'd like more information about this, I'll be sure to get back to you.

In the meantime... Good luck and Have fun!

Aaron