WELL.. IT SEEMS THAT IN OUR SEDONA AND VERDE VALLEY MARKET PLACE... WE HAVE MANY MORE HOMES ACCEPTING A BUYER'S CONTINGENCY THAN IN A LONG WHILE. THERE ARE CURRENTLY 141 HOMES UNDER CONTRACT. OF THOSE 141 HOMES OVER 80% ARE DEALING WITH BUYER'S WHO HAVE TO SELL THEIR CURRENT PROPERTY IN ORDER TO CLOSE. 80%. THAT NUMBER IS STAGGERING FOR SEDONA. BUT TRUE. SO SELLER'S BE PREPARED TO TAKE A BUYER CONTINGENCY AS LONG AS THE BUYER'S CURRENT HOME IS PRICED RIGHT AND IS IN A SOLID MARKETPLACE. IF ANYONE HAS ANY OTHER QUESTIONS.... PLEASE FEEL FREE TO CALL ME AT 800-975-5943 OR EMAIL ME AT BARBARA@BARBARABAKER.COM.
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Barbara, I guess that is proof that we are in a buyers market. It is good that sellers are willing to work with buyers. It seemed a couple of years ago, that sellers were a little more antagonistic about these concessions.
Yes, I've noticed a greater willingness for sellers to accept contingentcies, too. Do you find that the transactions are actually closing?
Good statistics. I have not seen much of it here. Sellers will have to consider it soon.