The most common seller contingency: Sale of this property is contingent upon seller finding home of choice.
This means the seller will accept a buyer’s offer, but if the seller can't find a home to buy, and close on that property, then they won't sell their home to the buyer.
Buyers, in general, view this as a big waste of time.
What if it takes months for the seller to find their home of choice?
What if in the end the seller’s inspection on the property they found doesn’t go well?
What if the seller's loan doesn't get approved?
Months could go by and it could all be a huge waste of time because the seller never ends up finding a new home, or they end up canceling escrow once they do find a home they like.
There are too many things that could go wrong.
Buyers would rather put an offer in on a home, get it accepted, start the traditional escrow process, and close escrow in 30 days.
If you want top dollar for your home, don't put in any contingencies.
