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Real Estate Contracts >Contingency Contracts

Buyers walk into your home in your area and fall in love with it. There is one problem--they will have to sell their home before they can buy yours. Their offer contains a contingency clause which makes the purchase dependent upon selling their present home. Should you accept such an offer?

Your decision should be based on several factors. Is their home being professionally marketed at this time, or are they trying to sell it themselves (a risky proposition!)? How long has it been on the market? Is it overpriced? If the house doesn't sell, can the buyers take out a bridge loan or make other arrangements to get to the closing table? How important is timing for you? Will the buyers agree to let you continue marketing your home and accept a non-contingent contract (and void theirs) if their house does not sell? Contingent contracts often work out well, but you need the help of a professional to weigh the pros and cons.

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Q	What are the financial benefits of having a home near a body of water?
A	The mere presence of water within 300 feet increases a home's value by 22 percent.
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Charles Tritthart, REALTOR®, real estate agent and broker for Oklahoma City, Edmond and Deer Creek Oklahoma home listings, property and land for sale - NUMBER1EXPERT(tm)

Charles Tritthart
Keller Williams Realty
10 E. Campbell
Edmond, OK. 73034
Phone: 405-330-2626
Fax: 405-330-2627
Email: charlestritthart@NUMBER1EXPERT.com
Charles Tritthart is one of the most highly regarded REALTORS in the Edmond and Oklahoma City area. He has accomplished this by always putting the needs of his clients first. Along with his full time licensed assistant, Charles is able to devote his time into providing the best possible service and informing his clients every step of the way. His credentials include Broker Associate, CRS (Certified Residential Specialist), GRI (Graduate of REALTOR Institute), ABR (Accredited Buyer Representative), CRC (Certified Relocation Counselor). The Tritthart Team goal is to take the time to listen to our clients and their needs, and to assist them in producing a plan of action that results in realizing their goals! Please call or e-mail Charles today.

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