Contingent Offers: Are They Dead in 2021?

Contingent Offers: Are They Dead in 2021?

A 'contingent offer' is when you offer to buy a house only after your current home sells. In the 2021 market of Arlington and Needham, these are extremely difficult to get accepted.

The Problem

Sellers have 10-20 offers to choose from. Why would they wait for your house to sell when they have cash offers on the table?

The Solution

If you need to sell to buy, consider Bridge Financing or selling your home first and doing a short-term rental. It makes you a cleaner, more attractive buyer.