218: Real Estate Contingencies Explained

Hustle Humbly Podcast

Alissa Jenkins & Katy Caldwell

Entrepreneurship, Realestatepodcast, Realestate, Realtoreducation, Realtor, Business

4.9 • 809 Ratings

🗓️ 9 October 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Whether you are new to the real estate industry or a seasoned veteran, offers contingent on the sale of another home have likely not been on your radar the last few years. When the market was beyond competitive and most houses were getting multiple offers, asking a seller to take your offer contingent on the sale of your home was, well, out of the question. In this episode we are going to talk about what sellers need to look for when reviewing a contingent offer and why contingent offers aren’t inherently bad. With lots of move up buyers feeling stuck in their home and worried about not finding what they want, who could blame them for not blindly listing their home for sale and hoping for the best. Contingent offers can be a great tool for buyers and shouldn’t be immediately dismissed by sellers. We are going to give you all the tools you need as the listing agent to make sure your sellers make the right choice for them and respond confidently to all contingent offers!

Please revisit episode 65 if you are a buyer looking to buy and sell at the same time as we give all of the options and a step by step of that process!

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Transcript

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0:00.0	No, can do.
0:03.1	I used to be nice.
0:04.3	Let me tell you a story.
0:05.6	I'm not nice anymore.
0:08.8	There were no red flags.
0:10.7	About the buyer.
0:11.7	No, until their home got under contract.
0:17.7	You know, if you love something, set it free.
0:19.9	And if it comes back to you, it's yours.
0:22.8	If it doesn't, it never was.
0:26.4	You're now babysitting two transactions.
0:28.7	Yes.
0:29.0	You've got to make sure your people are all doing the right thing and that those people are all doing the right thing.
0:36.2	Hi, y'all.
0:37.0	Welcome to Hustle Humbly.
0:38.1	It's Alyssa and Katie and we are two top producing realtors in the Baton Rouge market.
0:42.1	We work for two different companies where we should be competitors, but we have chosen
0:45.5	community over competition.
0:47.1	The goal of our podcast is to encourage you to find your own way in business.
0:50.8	So stop comparing yourself and start embracing your strengths.
0:55.6	I have so many things to say right now. Hi, Alyssa. Good. We're recording. Great.
1:00.6	Is this thing on? It's on. It's on. Hi. Hi, welcome. How are you today? Oh, just fine. Wonderful.
	...

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