Gregg and Lisa Whitney have seen Sellers completely reject contingent sale offers.

Their partnership, also known as Whitney and Associates, has a proven, long-term track record of successful real estate sales in the La Jolla, California Real Estate Market. Gregg and Lisa Whitney believe Clients should be educated about the different options in La Jolla, California Real Estate. Gregg and Lisa Whitney have provided this information so Buyers and Sellers can make the right choice for them.

When selecting a La Jolla, California Real Estate Agent, Gregg and Lisa Whitney have provided some great insight to the La Jolla, California Real Estate market.

Some La Jolla, California Buyers find that a few Sellers are receptive to offers that are made contingent on the sale of another property. Sellers tend to reject contingent sale offers because they are often more risky than offers that aren’t dependent on another home selling. The worst scenario is that the Buyer will price their home too high and it will not sell at all. This would, in turn, have been a monumental waste of time for the Seller and leave them back at square one, trying to find a Buyer while their home has been off the market all the while.

Gregg and Lisa Whitney believe there is even less room for contingent sale offers in a Seller’s market, because while the demand for listings outstrips supply, Sellers have no trouble finding non-contingent Buyers to negotiate with. Of course if the La Jolla, California Real Estate market has slowed, Sellers have much less room to be so choosy, and are more likely to accept a contingent Buyer.

Also, if the highest offer has come from a contingent Buyer, the Seller will often accept this higher risk for the higher price. With a contingent sale offer, if the Buyers’ home does not sell, they are not obligated to buy the other home. However, if the contract includes a release clause, the Buyer may risk losing the home to another Buyer if their current home doesn’t sell in time. A release clause means that the Seller can continue to market their home until the Buyer removes their sale contingency from the contract. Gregg and Lisa Whitney are the experts in transactions like these and others in the La Jolla, California Real Estate market.

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Suppose you are buying a home in La Jolla, California, and the Seller decides to accept another offer; if there is a release clause, the Seller will notify you to remove your contingency within a certain amount of time (generally 72 hours), or you will have to withdraw, and the home will go to the other Buyers. Gregg and Lisa Whitney think this is one of the drawbacks of contingent sale buying, and often the Buyer will sell their home at a lower price than they might have gotten in order to keep from losing the other house.

At Whitney and Associates, we are the right choice for the buying or selling of a home in La, Jolla, California.

Have any questions or like to learn more? Use our handy form on the side of the page to contact Gregg and Lisa Whitney. You will see that we only require your email address. Gregg and Lisa Whitney understand that your privacy is important to you and we respect that. We do not share your information with anyone without your permission.

Gregg and Lisa Whitney realize that you are probably in the information gathering stage of your process, and we want to provide assistance to you in any of your La Jolla, California Real Estate needs. If you would like to talk to Gregg or Lisa Whitney in person, feel free to call Whitney and Associates at our main line at 858-456-3282.

When you are ready to invest in the real estate market let us help you. After all, we are the experts in La Jolla, California Real Estate.