Reply to Contingent vs. Non-Contingent On Sale of One's Home- Other's Experiences?

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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]This past spring, our home sale contingency was accepted.  The two things that I think worked most in our favor:  a) we offered $50K more than the asking price and b) we said that our house (in a pretty desirable albeit over-priced neighborhood) would be under contract w/in 2 weeks or they could withdraw their acceptance of our offer.  These were extreme measures but we *really* liked the house and knew that our home sale contingency and modest earnest money would make us less appealing than other bids.  I think that our realtor was as surprised as we were when the offer was accepted! We were reasonably confident about the sale of our home but that was still a very stressful 2 weeks!  Our sellers admitted at closing that they were very nervous about our home sale contingency and breathed a huge sigh of relief when they heard we had closed on the sale of our house a few days prior.  At times, I want to kick myself for offering $50K more than the asking price but we really wanted this house and knew that our home sale contingency was a huge liability when making offers.  Now that all of this is behind us, I think it was a good strategy under the circumstances.[/quote]

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