Contingencies

oh hello don’t play the piano i know i’m so sorry please do not play piano but i wanted to feel like i was back in the olden days here at the old hacion store again historic hotel we’re still here having a great time um just having the time of our lives i think so i feel like uh maybe i was reincarnated or something i think you were here cheers cheers it’s very possible okay let’s uh identify ourselves as the press could pick a lady uh this is she doesn’t want to sit next to me at all you notice how far away she’s getting well he’s uh interfering with my creative spirit because hold on let me move my chair okay how’s this diane randall bro she’s the president pickle ladies yes i’m here with him randall fortunate for her i’m sorry i tried my best no it’s all it’s all good because i said it’s all good in the hood what are we talking about today we’re going to talk about uh let’s talk about contingencies contingency sounds sophisticated doesn’t it yes it can be a little dicey gonna be a little dicing the best contingency to you know is not oh my house isn’t even on the market right so let’s talk about a condition so what is a buyer contingency it means you got to sell your house before you have to buy the other one yes and the contingency part of it is if something goes wrong with the sale of your current house you’re not obligated to move forward on the new house and you get your earnest money back so that is a buyer contingency yeah so there are several different kinds yeah absolutely yeah and so some people you know if you want to make a good offer a strong offer don’t just say hey my house isn’t even on the market yet yeah but it is in a month or two yeah most sellers are going to be like no bueno i’m not going to even entertain that offer uh a stronger offer is if you are on the market in the market and you can send your paperwork to prove yes i’m on the market i’m waiting you have to be careful with that though because sometimes uh they’ll accept it maybe they’ll accept the contingency while they’re waiting for your home to buy uh to sell yeah but if another house comes uh another buyer comes along and they want to make an offer they can bump your contingency they can well they can’t bump you but they can say look either you take away the contingency yes or uh or we’re gonna move on right and that’s only fair because if they get you know the house is on the market and you you’re not there yet so uh yeah for the most part sellers won’t entertain offers if your house isn’t even on the market right if it’s on the market that’s you know step one that’s step one the best one is a contingency where you already have a purchase contract on your home yep um you’re already past inspection period on your home well you don’t have to be you don’t have to be past inspection period to make the offer yes it’s just strong the further along you are in your process and selling your home the stronger your offer is going to be and the better the price you can ask for absolutely if you have a definite close of escrow if your your buyer already has a loan in place if you’re already past inspection period and your home yourself oh yeah all of these things cause that’s golden they love the sellers so the further along you are the the stronger your contingency is right and uh and the more likely they are to accept that contingency and accept at a lower price yes yes i don’t think you can come in and go much off of list price if your house uh is just on the market you don’t have an offer yet the further along you are in the process the better the price that you’ll get but wise words random wise words but here’s here’s the risk you you if you just wait until okay so i’m going to wait until i have an offer uh all my outs under contract their past inspection their past appraisal the loan contingency’s gone so this is as good as cash you’re gonna have like four or five days to find a house yes yeah and then you’re gonna have to close really quick you know so you got to so our advice is once you go on the market and you have a an agreement with an agent there to sell and everything start looking start making your offers because especially if you’re coming from california as we call it the california contingency yeah you’ll do just fine a lot of buyers here are okay with californians because they know properties are selling pretty quickly there yeah they tend to sell yeah and um so here’s the other thing my californian friends um market’s changing a little bit for you guys things are not selling quite as fast yep so it’s appreciating quite expensive yeah this might be your time to strike if you wait too long you might be sitting on the market a little longer than you thought you were going to be yeah originally yeah but anyway those are all things to think about with contingencies um of course cash is king cash is king you come in with a cash off where we can get you a really good price on a house absolutely that is your absolute strongest offer and we’re excited about that but in general whatever your situation just let us know and we will strategize with you and put together a game plan that uh addresses what you’re trying to do and we’ll get you the best view we can absolutely so i hope this explains a little bit about contingencies yeah i think a little bit and what it kind of means and uh how it affects you and uh anyway so we would love to work with you cash or content or contingency we’ll do it whatever you need we’re happy to help you this is diana randall bro we’re here at prescottpicklelady.com or 713-302-1964 bat line the bat hotline takes you right to the pickle that’s right that’s me that’s sir and we are the spouses that sell houses so give us a call we’re happy to help you bye