A big piece of the offer is not only the price, but the terms. How soon they’re going to close, what contingencies they are including. Sometimes there’s going to be contingencies you just don’t want to deal with. But, if there’s no other offer, you really don’t have a choice.
Related to being flexible, it really depends on the market. If it’s a hot selling market, then absolutely not. You want to get those offers that have the least number of contingencies, because the contingency is a point on the contract that can cause it to fall apart.
So, do what you can to have the least amount of contingencies in a strong seller market. But in a level market, or in a buyer market, they’re absolutely going to be there, and I don’t’ think they’re anything that you need to be afraid of. Working with your Realtor and paying attention to the dates, you’re going to get through it just fine.
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By Steve Bradley