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Originally Posted by Jim007
We sold our condo up in Putnam, CT two months ago, for 94% of our asking price. We sold it in the first two weeks we had it on the market. That was the good news. The bad news is, we have to wait for our buyer to sell their house in Pomfret, CT before they can close on ours. Oooh, I hate those contingencies. However, you have to take what you can get in this market.
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Jim, I had a sale contingency too. Make sure you do your homework! I was adamant about putting a time frame in the contract as in NY anyway, I'd have to go to contract and could conceivably be stuck forever waiting for the sale. Amke sure you can start showing the house again after some period of time. Also, go look at their house, and talk to your realtor about how realistically the property is priced. Make sure you are comfortable with the pricing.
We got really lucky - our buyer was able to sell very quickly as they were selling a 2-family to buy my house and in NYC there is apparently still a reasonable demand for multiple family homes.