Tip of the Week – Contingent Sales Search

Have you considered including “Contingent Sales” in property searches for your homebuying clients? Typically, agents choose “None” as an option for contingencies in a search. Many potential buyers may not want to see homes that are sold, subject to inspection, third party approval, subject to statutory recession, etc. But recently, fellow NorthstarMLS subscriber and agent Byron Anfinson tried something new while running a search for a client.

“I changed my search for a client to include “Sale of Another Property”. My search pulled up an appropriate property for my client that included the “Sale of Another Property” contingency. We viewed it, wrote an offer, the seller’s called the contingency and 72 hours later my client was able to buy the property and close on it. I include the “Sale of Another Property” on all of my buyer searches now.”

Give it a try next time you run a search – you could be missing the perfect listing for your client!

Thanks to Byron Anfinson of Coldwell Banker Burnet (Minneapolis) for submitting his Tip of the Week idea on Contingent Sales Search. Byron will receive a $30 Caribou Coffee gift card for the submission!

Submit Your Own Tip! Do you have a question that you would like to see featured a Tip of the Week? Or maybe you have your own tip you would like to share with other NorthstarMLS users. Send your question or idea to tips@northstarmls.com. We will use one submission each month and the winner will receive a $30 Caribou Coffee gift card!

Tips On Demand Want to check out older Tip of the Week topics? Click here to view an archive of previous Tip of the Week entries.

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