Would you take a contingency to sell contract?
We just listed our house and within the first three days had multiple showings. We got positive feedback from all parties and received our first offer shortly after the showings. The offer is at a price we'd be happy with, but the buyer has a contingency to sell their home before buying ours. They already have a buyer lined up and the sale of their house is contingent on purchasing our home. Should we take this offer? We have another buyer who wants to schedule a second showing, but they can't come back until the weekend. We also have an open house coming up.
If we do take the offer, what are some conditions that we should add to protect ourselves in case their deal falls through (eg. higher earnest money deposit)?