The first time most sellers hear the word "contingency" in a real estate transaction, it lands somewhere between confusing and slightly alarming. It sounds like fine print. It sounds like something that could go wrong. And honestly, that instinct isn't entirely off — contingencies are the conditions built into a purchase contract that give buyers a legal exit ramp if certain things don't go the way they...
Here's a scenario I want you to think about. You've listed your home, the first week has gone well, and you're sitting down with your agent to review two offers that came in over the weekend. Offer A is at $420,000. Offer B is at $415,000. Most sellers' instinct is immediate — take Offer A, it's $5,000 more. But here's what the price alone doesn't tell you. Offer A is contingent on the buyer selling...
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