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Most people don't understand what a contingency really means. To most, a contingnecy means that something will happen after something else happens. While that is true, there's more to it. What contingency really means is that something will happen after AND ONLY IF something else happens. It is a CHANCE that something will happen.
Most contracts will simply become void if the contingency doesn't occur, which is sometimes not evident until closing day! This is usually the case in a contract that is contingent upon the buyer's current home closing. But contingencies can be so much more than a home closing. Contracts can be contingent upon the buyer receiving a job offer, the successful relocation of the buyer to the home's area, the buyer receiving an anticipated inheritance or other source of funds, or even upon the buyer passing a law exam (or any other professional exam).
So what happens if the contingency is not met? Well, that depends on how the contract is written. Contingencies can be effective and productive if properly constructed. It is important to understand what will happen if the contingency does not occur. Is there a controlling date for the contingency? Does the contract terminate or simply become void? Where does the earnest money go if the contingency is not met? Whether you are the buyer or the seller, a properly constructed contingency with a clear direction on what happens with the earnest money if the contingency does not occur, as well as clearly defined dates and deadlines satisfactory to all parties, could be the difference between a successful transaction and one that ends up in mediation or, worse, litigation.
Don't be afraid to offer or accept a contingency in your real estate transaction, just be sure to understand all possible scenarios and how you are protected under the terms of the contract.
CONTINGENCIES: TAKING A CHANCE AND WINNING IN THE END!
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With only 6-8 weeks left in the second busiest Real Estate Season of the year, Grand Junction, Clifton, Montrose, Fruita, Delta,Clifton, and other Grand Valley properties are in desperate need of real estate staging. NOT just vacuuming, putting clothes away, and keeping the dishes done. But HIGH QUALITY HOME STAGING! So many home owners and agents are feeling the pinch to sell before the quiet winter season sets in. Proper home staging is what they need to SELL FASTER and for THE BEST PRICE POSSIBLE!!
It's important to refer your clients to a home stager, or real estate stager who understands the the target market for that particular neighborhood, the style of the home and who has an eye for broad-appeal design. A good real estate stager knows how to talk to homeowners about the importance of home staging and how it will boost the homes' value when they are presenting it to potential buyers. A qualified home stager also frees up the time of the listing agent so they can have more time to do what they do best....marketing and advertising the home, not to mention keeping up with the influx of prospective buyers who are wanting to see this 'move-in-ready' house everyone is talking about!
Let's all do what we can to boost the real estate market in the Grand Valley by offering potential buyers VISIBLE VALUE, and sellers a FASTER SALE at the best possible price.
BEFORE

AFTER

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Savvy Realtors know that the Internet continues to play a larger and more useful role in our daily lives. Consumers are enthusiastic and loyal visitors to local Web sites. It only stands to reason, then, that potential buyers shop the Internet first. Realtors that keep their Web sites showing beautiful photos of their home listings do the following:
As a Professional Realtor, don't miss the golden opportunities that the Internet provides. Make sure all of your listing are presented in the best light by hiring a Professional Stager. Remember, emotion plays a huge part in a buyer's decision. And staging is the best return on investment when marketing your listing!
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The Daily Sentinel recently posted the following article. There has been talk around the office about how things were picking up and I am happy to report we aren't the only ones.
Daily Sentinel Article - Grand Junction Home Market Responding to rates, Stimulis
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Staging in a buyers market is very important. You are now having buyers looking at a larger inventory of homes for sell; your house needs to be that step above the homes that are its comparable. It is about what they remember about your house, the floor plan, smells, lighting, clutter, and condition.
We at Peak Home Design & Staging take your home and address all of these factors and more. Sellers as homeowners are somewhat jaded, because the seller liked their home or they would not of purchased it. Get more eyes, the seller may need to ask a friends or family over and let them look at the selling home as if they were going to purchase the house for them self's. Be open to issues they see, listen, then address them. Correcting concerns before a buyer showing, can make your home selling a lot smoother.
De-clutter - things your have not used in a year or two, sell, donate or trash.
Clean - Clean it as if it is a new-built home, windowsills, doors, wash windows, and screens.
Condition - Check the door handles, hinges, fix trim, touch up paint, make it in tip top condition.
You are now in the world of real estate as the seller, remember this home may be one of the largest investments you may ever make, treat it so. Stage it!
Doreen Harris, ASP, CID, IAHSP & IDS
Managing Stager
Peak Home Designs & Staging
Staging since 2005 - Insured - Trusted - Experience - Full Service Staging Company
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