Should You Accept a Contingent Offer? What Sellers Need to Know

Picture this: you’re selling your home and receive an offer — great news! But the buyer’s offer is contingent on selling their own home first. What does that mean for you? Should you accept it? Let’s break it down.

What is a Contingent Offer?
A contingent offer means the buyer’s purchase depends on another event happening first — in this case, them selling their current home. It’s common, especially for move-up buyers or downsizers. While it can expand your buyer pool, it also comes with risks.

Key Things to Consider:

• Is their home listed? If the buyer’s home is already on the market — or better yet, under contract — there’s less risk for you.

• How strong is the buyer’s home sale? Is it priced competitively? Is it in a hot neighborhood? These factors affect how quickly it might sell.

• Your timeline: If you’re in a hurry to move, a contingency might not be ideal. If you have flexibility, it can work out well.

• Add protections: Work with your agent to build in safeguards — like a “kick-out clause” that lets you continue marketing your home and accept a better offer if one comes along.

Why an Agent Matters:
An experienced agent helps you weigh the pros and cons, negotiate timelines, and make sure you’re not left hanging if the buyer’s deal falls through. Sometimes a contingent offer is your best path to a successful sale — just make sure you go in with your eyes open.