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Real Estate Tips
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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Real Estate Trivia
Q 
What famous American monument is also the world's heaviest statue?

A 
The Statue of Liberty, officially named "Liberty Lighting the World", weighs 54.31 million pounds.
See More Real Estate Trivia >


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The Tony and Libby Kelly Group Portland Premiere, REALTOR®, real estate agent and broker for Tigard, Beaverton and Portland, Oregon home listings, property and land for sale - NUMBER1EXPERT

The Tony and Libby Kelly Group
Keller Williams Realty, Portland Premiere

17700 SW Upper Boones Ferry Rd
Portland, OR 97224
Tel: 503-924-3520
Mobile: 503-753-7300
Email: Tony@TonyandLibby.com
Fax: 503-924-3590

Tony and Libby Kelly, MBA, M.Ed. are ranked in the top 1% of REALTORS in Portland Metro. and are Diamond-Platinum members of the Portland Metropolitan Association of REALTORS Million Dollar Club. They have been featured on HGTV's "House Hunters" (3 EPISODES) & "My House is Worth What?" (4 EPISODES). They specialize in providing a superior level of professional real estate services combining today's technology with yesterday's hands-on personalized care. As top producing listing and marketing specialists, they will get your home sold for top dollar and in a timely manner. Read what past clients have to say on the Testimonials Page on this site. “Client feedback is the best endorsement we can imagine. We are dedicated to making your home selling and buying experience as easy and hassle free as possible. Satisfied customers are the foundation of our success!” *Licensed in the State of Oregon

CDPE CLHMS CRS ePro ABR SRES REALTOR Equal Housing






Keller Williams Realty real estate and homes for sale in Tigard, Beaverton and Portland Oregon

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