Contingent Offers on Homes in El Segundo Making a Comeback

El Segundo real estate expert Scot Nicol discusses the comeback of contingent offers in El Segundo.

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For past few years in an ultra-competitive real estate market, the contingent offer has not stood a chance. Having to sell your home in order to buy a new home was a huge roadblock for many able and willing buyers.

With multiple offer deals dominating the real estate world, many prospective home buyers simply gave up trying to get contingent offers accepted. Non-contingent offers had a leg up on contingent offers because buyers are able to waive appraisals and shorten timelines.

As the market swings towards a healthy balance, we are beginning to see the contingent offer trying to make a comeback. As inventory levels rise, the competition between buyers is diminishing just enough for those buyers looking to upgrade into a property that better suits their needs.

The process of selling a home in order to buy a home has many moving parts and isn’t always the easiest deal to coordinate. Having an experienced professional behind the wheel is step one. Making sure your home is ready to hit the market is step two. Timing is step three….

The stigma of a contingent offer not standing a chance is softening. There are still situations where the competition level among buyers is very high. But… those are currently few and far between. We have identified an approach to getting our clients contingent offers accepted.

Our 1224 E Acacia listing is the perfect home for any family that is looking for more house to grown in.

If you have considered buying up and rolling your equity into your next home give us a call at (310) 529-5286 and let us show you the secret to our contingent offer successes.

 

Local expert advice provided by Scot Nicol of Nicol Real Estate

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