If you are selling a home in today's market, you will likely be presented with offers that have contingencies. One contingency typically tacked on by buyers is the one that makes the sale contingent on their selling their own home. There is also a financing contingency, which allows buyers a certain amount of time to get a loan commitment. During this time, the seller has to take his or her home off the market. While these contingencies are perfectly proper, seller's agents may suggest strategies for protecting their clients' best interests. For instance, experienced agents know that sellers may counter with a kick-out clause, which allows them to continue showing the home and consider other offers.Hint: If a kick-out clause is in effect and a seller is presented with a better price, he or she can notify the first buyers that they have a prescribed period of time to back out and get their deposit back or drop their contingencies and get on with the sale.
Contingencies are an essential part of most home buying contracts. They are written clauses in your contract that give you time to evaluate some aspect of the property before you proceed to closing. I will help you protect your best interest with regards to nay contingencies and will confirm that all contingencies on sales contracts are met. Contract are complicated and intimidating. You don't want to go to a closing with doubts. You will have the full benefit of my Old Chatham real estate experience and knowledge for a smooth closing. My goal is to always put my clients needs first.
Call Stephanie W. Samuelsohn at 518-392-8484
or e-mail me at: Stephanie.Samuelsohn@Century21.com
Visit our website at: http://www.columbiacountyhomes.com/