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Vtguy802812 t1_iu9jcze wrote

Reply to comment by Tbagmoo in Anyone who recently sold real estate in the Augusta area by Revan995

The sale of their house is contingent of them finding another house in x many days.

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Tbagmoo t1_iu9jmkn wrote

Interesting. I didn't know that was an option. And if they don't find a house they want to buy, the sale falls through completely? That would be frustrating if you were the buyer I bet.

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Vtguy802812 t1_iu9k68h wrote

Yup, just part of the game. Typically having a contingency like that would make the house less appealing to buyers, but in today’s market who knows.

You also see contingencies when people who own a house and are looking to buy a new house, they will make the offer on the new house contingent on selling their old house.

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Tbagmoo t1_iu9keoz wrote

Thanks for taking the time to explain it

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