Asked by Holly, Chicago, IL • Sun Jun 15, 2008
entered into a contract for the sale of our home that is subject to the buyers selling their condo. We negotiated and executed this via our agent while we were out of the country on vacation. We were aware that during this time, there was another interested party looking at or house. Our agent told us that this second potential buyer stated that they also wanted to write an offer with a subject to sale contingency, but that he told them it wouldn't make sense for us to have 2 such contracts going at the same time - essentially telling them not to make an offer until they sold their home.
What would be the downside for us to enter into 2 such contracts? And shouldn't we have been consulted before our agent told them we wouldn't accept a second contingent offer?
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