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Looking for homes? The Hayslett Team can offer all of the homes on the MLS online...YOU WIN.

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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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Q	What vast and beautiful territory is named with an Indian word meaning "Big Village"?
A	Canada
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The Hayslett Team, REALTOR®, real estate agent and broker for Clearwater, Tampa and St. Petersburg, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Kenny Hayslett
RE/MAX Realtec Group
4175 Woodlands Parkway
Palm Harbor, Florida, 34685
Phone: 727-443-6700
Fax: 727-443-6755
Email: kenny@hayslett.biz

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