You’ve found your dream home and you would like to purchase in Port St Lucie, but you do not have the money till you sell your home. The Seller may agree to sell to you in the event and once your home sells, called a contingency contract. What’s a Contingency Contract, a contingency arrangement goes into effect determined by another event. Contingency contracts contain a kick. This clause allows the seller kick the party out to the contingency arrangement and to maintain the house on the marketplace.
In the same time, the contingency arrangement may allow time required to receive funding to a buyer. A seller can and must insist on a deadline, say of 5 days, for the purchaser to put their home available on the market. Buyers should know that if a different buyer offers the seller more money than agreed upon in precisely the contingency agreement, the seller may use the lack of funding as reason to kick out precisely the original agreement.
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Millie Gil is Broker-Realtor for Bold Real Estate Group, fluent in English and Spanish with a strong network of Real Estate Professionals Worldwide. Millie says “we are committed to providing a high level of service over and above the customer’s expectations. It is our goal to become your Realtor for life”.
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