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Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

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Home listings have been in short supply for several years now across the U.S., To succeed in getting a seller to consider your offer, you need to work in advance with your real estate agent to assess the best bargaining tools to entice the seller to move your offer to the top of the list. What is a contingency clause?

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What Is a Home Sale Contingency?

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Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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Do I Accept the First Offer on My House, or Wait and See?

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For more expertise, top real estate agent Kris Shook , who works with 77% more single family homes than the average agent in Tacoma, Washington, shares insights. A Top-Rated Agent Can Help You Field Buyer Offers. Find an Agent. Common contingencies include an inspection contingency and an appraisal contingency.

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Everything You Need to Know About Making an Offer: 15 Tips for Homebuyers

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Basic overview: You’ll work with your agent to deliver the offer to the seller’s agent on the forms used in your state. If and when all parties do agree to the terms, your agent will draft a final offer, and all parties will sign it. Hire the right agent. Buyer’s agents, we know the tricks. No sales contingency?