McHenry County, Crystal Lake and Woodstock Illinois real estate listings, home buying, selling and relocation information

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Local Info: McHenry County, Crystal Lake and Woodstock Illinois home buying, real estate listings, and homes for sale in McHenry County, IL

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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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Q	What was considered the world's tallest building one hundred years ago?
A	The Eiffel Tower in Paris, France, completed in 1889 and standing 984 feet tall, is still considered one of the world's greatest structures.
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The Rick O'Connor Group, REALTOR�, real estate agent and broker for McHenry County, Crystal Lake and Woodstock Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

The Rick O'Connor Group
Realty Executives Cornerstone
7115 Virginia Rd. Ste. 101
Crystal Lake
IL 60014
Rick O'Connor, SFR: 815-477-3000 Ex. 104
Larry Lang, ABR: 815-477-3000 Ex. 103
Toll Free: 866-854-1100
Fax: 815-459-1112
Cell: 815-790-7200
Email: houses@rickoconnorgroup.com
Larry: larrylang@rickoconnorgroup.com
Rick: rick@rickoconnorgroup.com
The Rick O'Connor Group has been ranked in the top 3% of REALTORS� in his area since 1990. The Rick O'Connor Group is one of America's NUMBER1EXPERTS� in all areas of Real Estate in McHenry County, and is well equipped to guide you through all your real estate needs. Our staff and Executives are qualified to assist with Short Sales, REO Properties, Foreclosures and Distressed Properties. "As designated Home Retention Consultants (HRC) and as a Short Sale, Foreclosure Resource (SFR) we are able to give you professional advice for your future." Call or email his team today! And remember Excellence In All Things, All Things to His Glory.

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