Subject to suitable housing contingency:

Subject to suitable housing:

When a seller puts a home on the market and they need to find housing, they need to make it contingent upon them finding suitable housing. What does that mean?

It means that we put that contingency in MLS (Multiple Listing Service) and any offer that you get will/should be contingent upon you finding housing. Usually a buyer will give you 14-30 days to find housing. If you do not find housing in that time period you can ask the buyer for an extension. If they do not give an extension, your house would go back on the market and we would start the process over again when we have another buyer.

Please note that when you put your home on the market and subject to you finding suitable housing, you will lose some buyers. The buyers that you will lose are the ones that need to find housing immediately and do not have the time to wait for you to find housing.

My focus is on your priority, so we will work things out one step at a time. Ultimately, it is not in your best interest to have this contingency. However, at times it is completely necessary. If you can live with a friend, relative, or get some other short-term rental, it will help you net the most money in the shortest length of time.