Should You Accept a Contingent Offer on Your Home?
Posted by Rozi Dover on
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…
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