Ottawa, Kanata and Orleans real estate and homes for sale in Ontario - The Hélčne Amyotte Team, REALTOR®

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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	How many rooms are there in the U.S. President's primary residence?
A	There are 132 rooms in the White House.
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The Hélčne Amyotte Team, REALTOR®, real estate agent and broker for Ottawa, Kanata and Orleans, Ontario home listings, property and land for sale - NUMBER1EXPERT

The Hélčne Amyotte Team
Keller Williams Ottawa Realty
610 Bronson Avenue
Ottawa ON K1S 4E6
Direct: 613-237-5996
Office: 613-236-5959
Fax: 613-237-8611
Email: Info@Amyotte.com
The Hélčne Amyotte Team is a unique group of dynamic professionals, each with their own specialty, but who work together as a cohesive team to attain your goals.

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