Buying A Home
MrsRossIsMe
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Contingencies - Has anyone accepted/made an offer with lately?
I'm wondering how much these are done in this market. A house came on the market that looks great, but we are not even on the market for our house.
Has anyone been successful with an offer with a contingency lately?
Re: Contingencies - Has anyone accepted/made an offer with lately?
Well, DH and I bumped a contingent offer to get our house (we since found out those buyers got an offer on their home 3 days later, so we were very lucky). Odd timing, since the home had been for sale on/off for 18months.
Are you in a financial position to remove the contingency if it came to it? If not, I'd be leery about falling in love with a house and then being disappointed, since you're out of pocket for inspection costs, etc.
It really depends on your market, I'd discuss with your realtor. They are not the most preferable offer, obviously, but if the home has been on the market for a while,etc. they may work just fine.
I'd think you'd have a better chance with a contingency with either a house that has been on the market awhile, or new construction. Depends on your market though - and also on that homeowner's situation (are they looking to move fast, are the desperate, etc).
Good luck! The logistics of selling a current home and buying a new one are complicated!