Contingent Offers

 

 

 

Dear Monica: We need to sell our house before buying another property. What is the best way to make our offer attractive to a seller? Liz G.

 

Dear Liz: For a seller to be persuaded to accept your offer contingent on the sale of your present home, you should already have your home on the market or be close to doing so. Your property should be appealing and well-priced, and be in an active market area. If a seller accepts your offer, they will continue to try and get other offers, and if they accept another offer they will give you a few days to remove your contingency or they will cancel your contract. The market is softer now than it was in 2018 and some sellers are more likely to accept an offer contingent on the sale of another home.