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  Karen has 22 years experience selling real estate in the Lake Conroe and Conroe areas and has lived in Bentwater on Lake Conroe for 12 years with her husband, Ron. She is a licensed Real Estate Broker and has a Bachelors of Business Administration in Marketing. She is consistently in the top 10% of selling Brokers in her area and averages 65 closed transactions per year. Her office is centrally located on Highway 105 West and FM 3083. This location is highly visible and half-way between Conroe and Lake Conroe with easy access to the lake and to Conroe. Karen and her team strive for strong customer service and commmunication during the buying and selling process. She understands that Conroe is Houston's playground and candle handle all your real estate needs with expertise and expectional follow through. Whether buying or selling a homesite or a home, Karen's caring and professionalism will guide you smoothly through the process. Her community involvement is extensive from chairing fundraising auction events for the Humane Society, American Cancer Society and the Chamber of Commerce. She has volunteered for years with the local senior citizen Friendship Center and is the 2008 President of the Lake Conroe area Republican's women's club. When not working, she enjoys golfing, boating and entertaining with her husband, Ron. 
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Real Estate Contracts >Contingency Contracts
Buyers walk into your home in your area and fall in love with it. There is one problem--they will have to sell their home before they can buy yours. Their offer contains a contingency clause which makes the purchase dependent upon selling their present home. Should you accept such an offer?
Your decision should be based on several factors. Is their home being professionally marketed at this time, or are they trying to sell it themselves (a risky proposition!)? How long has it been on the market? Is it overpriced? If the house doesn't sell, can the buyers take out a bridge loan or make other arrangements to get to the closing table? How important is timing for you? Will the buyers agree to let you continue marketing your home and accept a non-contingent contract (and void theirs) if their house does not sell? Contingent contracts often work out well, but you need the help of a professional to weigh the pros and cons.
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What does "contingency" mean in real estate?
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A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence." |
See More Real Estate Trivia > |
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