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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 was a sure way to accumulate wealth through the 1970s and early 1980s?
A	Many people made their fortunes in real estate during this period.
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Jane Sullivan Horne, REALTOR®, real estate agent and broker for Smith Mountain Lake Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Jane Sullivan Horne
Prudential Waterfront Properties
2740 Water's Edge Drive
Penhook, VA 24137
540-576-1333
540-576-2555
540-493-1690
Fax: 540-576-1579
Jane@JaneAtTheLake.com
As a native of North Carolina, I originally became involved in sales to put myself through school at Appalachian State University. In 1983, I moved to Smith Mountain Lake and have enjoyed a successful career as a full time Realtor for the past 25 years.

My home is at The Water's Edge with my husband, Bill, and son, Trey. In 1986, I became the first permanent resident of The Water's Edge. This has been a great source of joy for me as well as a real benefit for my customers. I live here, work here, and play here, so I know the lake and its surrounding areas. My goal is to help my customers find the perfect property so that they can enjoy the same lifestyle I do.

Each year since beginning my career, I have been recognized for sales excellence by The Roanoke Valley Association of Realtors receiving the top two awards given. I attribute that success to tremendous customer referrals, fantastic properties and a lot of hard work.

Whether your are ready to buy or sell, let my years of experience help you!

www.JaneAtTheLake.com is brought to you by Jane Sullivan Horne
NUMBER1EXPERT™ for Smith Mountain Lake real estate, Virginia, lakefront property and country club real estate

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