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Reply to "Contingent vs. Non-Contingent On Sale of One's Home- Other's Experiences?"
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[quote=Anonymous]I think sellers have a somewhat irrational bias against contingent offers. Last summer, we made a contingent offer (1.25 million) on a house in McLean that had been sitting on the market for 1.3 million. The sellers didn't even consider it. Half a year later, the house sold for 1.1 million. The irony is that houses in our current neighborhood have been selling within a few days, without an open house. So if the sellers had accepted our offer, they would have done much better from any point of view. [/quote]
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