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The Darlene Hammond Team, REALTORŪ, real estate agents and broker for Pensacola, Pensacola Beach and Gulf Breeze Florida home listings, property and land for sale - NUMBER1EXPERT(tm)







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Real Estate Tips
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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Real Estate Trivia
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What is the world's most expensive Monopoly set?

A 
San Francisco jeweler Sidney Mobell created an exclusive $2 million Monopoly set, with solid 23 carat gold houses, chimneys made of rubies and sapphires and dice with 42 full cut diamonds for spots.
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The Darlene Hammond Team, REALTORŪ, real estate agents and broker for Pensacola, Pensacola Beach and Gulf Breeze Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

The Darlene Hammond Team
America's Top Realty, Inc.

2777 Gulf Breeze Parkway
Gulf Breeze, FL. 32563
850-572-2615
850-934-4449
Fax: 850-934-4409
Email: darlenehammond@bellsouth.net

The Darlene Hammond Team's commitment to the Pensacola, Gulf Breeze, and Pensacola Beach areas goes way beyond just buying and selling real estate, we are about building lasting and meaningful relationships with the our customers, neighbors, friends, and associates in the communities of Northwest Florida.

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