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Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from a Silver Spring, Takoma Park and Bethesda, Maryland NUMBER1EXPERT(S) Top Selling real estate agent(s). Contact Rhonda Mortensen today!
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Real Estate Tips

Real Estate Contracts >Contingency Contracts

Buyers walk into your home in your area and fall in love with it. There is one problem--they will have to sell their home before they can buy yours. Their offer contains a contingency clause which makes the purchase dependent upon selling their present home. Should you accept such an offer?

Your decision should be based on several factors. Is their home being professionally marketed at this time, or are they trying to sell it themselves (a risky proposition!)? How long has it been on the market? Is it overpriced? If the house doesn't sell, can the buyers take out a bridge loan or make other arrangements to get to the closing table? How important is timing for you? Will the buyers agree to let you continue marketing your home and accept a non-contingent contract (and void theirs) if their house does not sell? Contingent contracts often work out well, but you need the help of a professional to weigh the pros and cons.

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Real Estate Trivia

Q	What is the least affordable metropolitan housing market in the United States?
A	California's Los Angeles-Long Beach-Glendale is currently rated as the most expensive metro area in the nation.
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Rhonda Mortensen, REALTORŽ, real estate agent and broker for Silver Spring, Takoma Park and Bethesda, Maryland home listings, property and land for sale - NUMBER1EXPERT

Rhonda Mortensen
Long & Foster Real Estate Inc.
Bethesda Gateway Office
4650 East West Highway
Bethesda, Maryland 20814
Office: 301-907-7600
Home: 301-585-1180
Toll Free: 800-762-0294
Fax: 301-907-6610
Email: rhondamortensen@NUMBER1EXPERT.com
Email: rhondamortensen1@gmail.com
Together we will work as a team to buy the perfect house or sell your current home. My role is to listen and understand your needs, wants, requirements and timelines with 100% clarity. Then, with my market expertise, we will develop a solid plan of action. Rest assured, I will be in contact with you daily with new leads so that we can move swiftly against timelines. I will be available to you at all times via phone, email or in-person whichever style of communication you prefer. Contact me now!

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