You’ve listed your home, and the first offer comes in—but there’s a catch. It’s a contingent offer, meaning the buyer has conditions that must be met before closing.
If you’re selling a home in Auburn or Opelika, you may wonder whether accepting a contingent offer is a smart move. The answer: it depends on your situation.
Let’s break down what contingent offers are, the pros and cons, and how to decide if one is right for you.
What Is a Contingent Offer?
A contingent offer means the buyer wants to purchase your home, but certain conditions must be met first. Common contingencies include:
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Home Sale Contingency: Buyer must sell their current home before closing on yours.
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Financing Contingency: Buyer must secure final mortgage approval.
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Inspection Contingency: Sale depends on a satisfactory home inspection.
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Appraisal Contingency: Home must appraise at or above the agreed price.
In most cases, the buyer is serious—but the sale isn’t guaranteed until these conditions are met.
When It Might Make Sense to Accept One
1. You’re in a Slower Market
If your Auburn or Opelika listing isn’t getting much attention, a contingent offer may be better than waiting indefinitely. It moves you closer to closing while still keeping you under contract.
2. The Buyer Is Already Making Progress
A home sale contingency is less risky if the buyer’s property is already listed or under contract. You can even request proof to gain more confidence.
3. You Have Flexibility in Your Timeline
If you’re not in a rush, a contingent offer may work to your advantage by giving you more time to plan your next move.
When You Might Want to Decline
1. You’re in a Strong Seller’s Market
If demand is high and you’re getting multiple offers, a contingent one could slow you down. In this case, a non-contingent offer—even if slightly lower—may be the smarter choice.
2. The Buyer’s Contingencies Are Risky
If the buyer hasn’t listed their home or lacks financing pre-approval, you risk losing valuable time off the market without a guaranteed sale.
3. You Need a Quick Sale
Relocating? Buying another home? Hoping to avoid double payments? A contingent offer may delay your timeline more than you can afford.
How to Protect Yourself If You Accept
If you do choose to move forward with a contingent offer, here’s how to protect your interests:
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Kick-Out Clause or First Right of Refusal: Keep your home on the market and retain the option to accept a better offer.
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Set Clear Deadlines: Require buyers to meet specific benchmarks by certain dates.
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Request Documentation: Ask your agent to collect proof of financing, listing details, or progress updates.
Every Situation Is Unique—Let’s Talk Through Yours
Contingent offers aren’t necessarily bad—but they require planning, strategy, and clarity. The key is knowing when they make sense and structuring the agreement to protect your time and goals.
???? If you’re selling in Auburn or Opelika and unsure how to handle a contingent offer, I’m here to guide you through your options and help you make the best decision.
Rozi Dover
Your Trusted Real Estate Expert in Auburn and Opelika, Alabama
Phone: +13346630077
Email: rozi@mindspring.com
Website: www.auburn-opelikahomes.com
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