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Real Estate Contracts >Contingency Sale

Sellers may be reluctant to accept an offer that is contingent on the sale of another property. However, such a sale can be structured to minimize the risks.

The seller should put a limit on the amount of time that the buyers have to accept an offer, and they should keep their home on the market during that time. They should also reserve the right to require that any contingencies be met within a short period of time, ideally 24 to 48 hours, if they get a second offer. This is called a "First Right" contingency.

Contingent sales can work well for the sellers. The buyer is not in a position to ask for concessions on price or terms and may be able to get interim financing. Each situation is different, however, so go over the terms with your real estate agent before accepting a contingent offer.

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Q	What is the largest home in Hollywood?
A	The largest home in Hollywood is currently "The Manor" at 36,500 square feet, built by T.V. producer Aaron Spelling for $37 million.
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Robert Freedman, REALTOR®, real estate agent and broker for Manhattan Beach and Hermosa Beach California home listings, property and land for sale - NUMBER1EXPERT(tm)

Robert Freedman
RE/MAX Beach Cities Realty
1001 Manhattan Beach Bl
Manhattan Beach, CA. 90266
Cell: 310-291-7779
Office: 310-303-3333 X122
Fax: 310-303-3335
Email: rob@letfreedmanring.com
After more than thirty years selling real estate full time in the South Bay, Robert Freedman's reputation generally precedes him. He is known as a fair but aggressive protagonist for his client's objectives. Robert's background of architecture at Cornell University has served his clients well. He brings lots of creativity to the table, especially in visualizing remodeling possibilities and analyzing building projects. His negotiating skills are second to none. Contact him via e-mail today! Robert, or a successful member of the dynamic team at the Office of Robert Freedman will get back to you immediately.

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