How To Handle A House-Selling Contingency?
I imagine that when I finally do get a buyer, he is going to want a house-selling contingency. In the old days, it was no big deal because everyone was selling so fast. But nowadays it could take years for someone to sell their house. I know MY house is priced and marketed right but I don't know if my buyer's house is priced and marketed right. So I'm a little worried about giving up that control and I know I'm probably going to have to take a house-selling contingency. So how do I handle it? What kind of time limit do I give? Do I schedule the closing? How could I if things are taking so long to sell? An agent told me if I take a contingency and then another buyer comes along, I can ask my first buyer if they can perform, and if they can't, I can take the second offer. Is that true? Thanks!