Can my house still be shown after an offer is accepted when potential buyers include sell of another house contingency?

Asked by Msllc21, 38866 Sat Jul 30, 2011

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
Ron Thomas, Agent, Fresno, CA
Sat Jul 30, 2011
Absolutely; hasn't your Agent explained it?

If you get another offer, you will give the First people a notice to perform; meaning that they must drop the Contingency or Cancel the Offer;
You may not choose between the offers.
This is why it so hard to buy with a Contingency.
Good luck and may God bless
1 vote
Fonda Lester…, Agent, Madison, MS
Sat Jul 30, 2011
Yes. You can show your house any time you want to. It's your house.

Legally your agent must bring to you all offers on your home, regardless if there is pending contract. (And that includes contracts that DON'T have contingencies to sell... But there is a possiblity of getting sued on those.) Most contingency contracts have a "48 hour First Right of Refusal" on it which states that if you do receive another offer, that the buyer on the pending offer will either take the sell contingency off and just go ahead and purchase, or bow out of the offer to let you negociate with the new buyer.
Web Reference:  http://www.fondalester.com
1 vote
Jeanne Feeni…, Agent, Basking Ridge, NJ
Sat Jul 30, 2011
Yes, my MLS has created a new status "US" which signifies that you are under contract but continuing to show. Another option with a home sale contingency is to keep as Active and note that you have accepted a contingent offer in the comment field.

Whether "A" (active) or "US" (under contract continue to show) your listing will continue to be seen by the public through the various feeds.

Best,
Jeanne Feenick
Unwavering Commitment to Service
Web Reference:  http://www.feenick.com
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more