<p>If you think you can sell it quickly without a contingent contract, obviously it will be the best. But since your market is dead, a contract is better than no contract. As long as you can put in the contingent contract that in the event a cash deal comes through, you have the rights to take that offer.</p>
<p>In our MLS terms, it is called Active Contingent. Agents can still show the house as if it is Active.</p>
<p>Regarding the expiring listing, if you don’t like that agent. You still don’t have to renew that listing. Upone expiring, you can list your house with another agent, but you need to exclude that contingent contract out of the new listing. So, if the contigent contract went through, the agent procured that contingent contract will be get paid and the new agent will be out of the money.</p>
<p>I have renewed interest in this thread now that D & her DH are selling their house rather than rent it out while they are abroad. The market is bad in their area, but they don’t think the neighborhood will make enough progress in a year and a half that it will be worth the hassle of renting. Especially as they are not coming back to that area when they get back!</p>
<p>So now…they are going to concentrate efforts on grad students/professors moving in (it’s not far from a uni) and others who for certain reasons would like their neighborhood. And price it very reasonably. Keeping fingers crossed!</p>
<p>JustTryHarder,
Dont sign a contingent contract with this agent. When the would be buyers home does sell then you can consider an offer from them for your home. Otherwise you are tying up your property with no guarantee of it actually selling.</p>
<p>When DW has a seller in this situation, she adds something to the contract that says the property will continue to be marketed, and if another offer comes in then the first party has the option of removing the contingency or backing out of the deal.</p>
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<p>That is what I am assuming we would ask for. But are there any other things we should specifically ask for in the contract? Has anyone ever had success with this?</p>
<p>I am a little worried since she would be representing both sides. OTOH, that might give her more of an incentive to sell the other house quickly. So maybe doing it this way is better.</p>
<p>What I’m seeing around here, is that all of a sudden things are picking up. Inventory is low, and if the property is well priced (we’re looking for rental condos), it’s getting multiple offers. Often right after someone drops the price. We have lost out on three offers so far, all cash, two full price. Finally got the fourth offer accepted on a property. It’s surprising, but all of a sudden things are really happening. Hopefully this will start happening for your area trying to sell.</p>
<p>
It doesn’t work out very often because the buyer usually needs to get a certain price on their current house to be able to afford the new house, and therefore won’t lower the price aggressively on their current house to sell it, which means it never sells.</p>
<p>RE: contingency contracts</p>
<p>My mom’s house sold, full price, on a contingency contract in March. The contingency was removed today, closing is next month.</p>
<p>So sometimes it works. Sometimes it doesn’t, but it’s worth a try, as long as you have a clause allowing you to take a firm offer. And as long as you tell yourself it is not sold until it is sold, and keep showing it.</p>
<p>I mulched, and it’s fine. Thanks all :)</p>
<p>Can I scream?</p>
<p>Our house is sold. P & S agreement signed. Buyer pre-approved for their mortgage. The only hurdle left is the bank appraisal (today at 5 pm). Our superb agent has been very clear from the get go that we are not to be here for any showings, not to be here for any inspections. Let her handle it. </p>
<p>We have a list of items that we are happy to give free to the buyers – snow blower, riding lawn mower, etc. My plan was to e-mail a list to our agent and have her forward it to the buyers – because the agent knows what all has been discussed.</p>
<p>So, I come back from vacating the house for the appraisal and my wife has left me a message. She has taken it upon herself to contact the buyers and arranged for them to come to the house tomorrow for a meeting with us to go over all this. All, without even so much as giving our agent a heads up. And, all sprung on me when I can’t even call the agent to ask if this is OK (she’s gonna hit the roof…).</p>
<p>I just want to leave sleeping dogs lay until the final loan approval is in place and this thing is sign, sealed, and delivered. Then, we’ll worry about whether they want the *^&%ing free snowblower! :)</p>
<p>Thanks for letting me vent.</p>
<p>Interesteddad…I agree with you…When I moved, I gave the buyer stuff. I gave other people stuff. I don’t want stuff. :)</p>
<p>Your wife added a little stress that wasn’t necessary. What a pain.</p>
<p>I hope you feel better after venting.</p>
<p>I’m sure it will be fine, but I hate going behind the agent’s back. And, I don’t want even a one tenth of one percent chance that we could say something that could screw up the deal until their loan approval is in place and they have no way to back out.</p>
<p>I’ve been focusing on the big stuff – like finding a place to live and getting movers in here before the closing before the end of the month. </p>
<p>I figure that the snowblower is the least of my worries. I can give it to the buyers. I can give to the neighbor, whose snowblower died and has been out there shoveling. I can have the scrap metal guy come haul it away for free. Or I can rent another dumpster for $300, fill it up, and have 'em come get it the day before closing. I really don’t care!</p>
<p>Anyway, I told my wife to e-mail the buyer tomorrow morning and say that tomorrow won’t work from a timing standpoint.</p>
<p>“Anyway, I told my wife to e-mail the buyer tomorrow morning and say that tomorrow won’t work from a timing standpoint.”</p>
<p>Smart. I like that.</p>
<p>Finally sold after 8 years on market!!! I have been in this home, it has had extensive improvements and he added adjacent properties to the original property…</p>
<p>[Eddie</a> Murphy’s former Englewood mansion has a buyer - NorthJersey.com](<a href=“http://www.northjersey.com/realestate/151445145_Eddie_Murphy_s_former_Englewood_mansion_has_a_buyer.html?scpromo=1]Eddie”>http://www.northjersey.com/realestate/151445145_Eddie_Murphy_s_former_Englewood_mansion_has_a_buyer.html?scpromo=1)</p>
<p>Looks very nice…</p>
<p>8 years is a long time…</p>
<p>You can’t imagine,lol…indoor pool, recording studio,bowling alley…24 hr guard</p>
<p>Did Eddie Murphy ever live in the house for any decent period of time?</p>
<p>Yes, up until his divorce., probably hasn’t lived there full time in 6-7 years…</p>
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<p>That is so true, idad. I’ve always thought that’s even the reason a bride and groom aren’t supposed to see each other on the day of their wedding: to keep them from having a fight. </p>
<p>No sense in taking any chances at all. Not worth the risk.</p>