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Real Estate Contracts >Contingency Sale

Sellers may be reluctant to accept an offer that is contingent on the sale of another property. However, such a sale can be structured to minimize the risks.

The seller should put a limit on the amount of time that the buyers have to accept an offer, and they should keep their home on the market during that time. They should also reserve the right to require that any contingencies be met within a short period of time, ideally 24 to 48 hours, if they get a second offer. This is called a "First Right" contingency.

Contingent sales can work well for the sellers. The buyer is not in a position to ask for concessions on price or terms and may be able to get interim financing. Each situation is different, however, so go over the terms with your real estate agent before accepting a contingent offer.

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Q	What are the financial benefits of having a home near a body of water?
A	The mere presence of water within 300 feet increases a home's value by 22 percent.
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The DamonSellsHomes Team, REALTOR®, real estate agents and broker for Fairfax, Clifton and Centreville Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

The DamonSellsHomes Team
Coldwell Banker Residential Brokerage
At the Crossroads of Northern Virginia
Fairfax Regional Office
4000 Legato Rd., Suite 100 , Fairfax, VA 22033
703-502-8787
888-226-8008
Fax: 703-691-4656
DamonSellsHomes@mris.com
Damon@DamonSellsHomes.com
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Robin, Barbara and I take our professional real estate abilities and attitudes seriously. Yet we create a painless and enjoyable experience working hard for clients like you. We are successful for only one reason: we truly find homes for our clients, not just houses with new addresses. We really do mean it when we say we want the best for you and your family, because family matters. And with us, you have a new family of sorts, your realty family, and we promise to be your best advocates throughout the entire buying and selling process.

Northern Virginia is said to be one of the premier places to live in America. We couldn't agree more! If you're considering the sale or purchase of a home anywhere in Northern Virginia, you've come to the right place. With hundreds of millions of dollars in sales and decades of residential real estate experience, you can be confident about choosing us to be on your side. Please contact us anytime...morning, noon or night. We are USAA and Cendant Relocation Certified and we list and sell in every nook and cranny of Northern Virginia!

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