Showings after under contract?

usgirlMarch 30, 2010

I am so thankful that we are under contract for full price after only 3 weeks. This area is somewhat protected from market swings by a large university. The contract is subject to the usual contingencies including the buyers successful closure of their already under contract property. Fingers crossed for a successful conclusion as we have already purchased a property.

What is your opinion about continuing to show the property for a possible back up offer after we exchanged contracts last night? Is it worth all the inconvenience? I'm not sure that I would entertain offering on a house already under contract.

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While someone might not entertain the thought of making an offer on a house already on contract, as the seller, I would inconvenience myself enough to open the door for showings.

The house isn't sold until closing.

    Bookmark   March 30, 2010 at 9:00PM
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I'd continue to keep an open mind about showings. However, traffic is going to drop to about zero once the property gets listed as under contract.

    Bookmark   March 31, 2010 at 11:20AM
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I don't think I'd have a problem actually doing the showing, however in my neck of the woods, the house comes off MLS when its in contract.

I guess it also depends on what normal contingency you are worried about and whats normal in your area.

For instance, in my area, no house goes in contract with an inspection contingency. Its dealt with before the contract or not at all. So pretty much all to be dealt with is financing and appraisal.

    Bookmark   March 31, 2010 at 12:22PM
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