you can sell on this type of contingency in TV, however, given the market and the ease of selling a home in TV, I would be surprised if a seller would accept an offer like this. If your offer is high enough to make it worth their while to take the chance, they may accept this type of offer. We sold a house in TV in 4 months ago within a week of listing for full asking. We would not have accepted an offer that had a contingency that the buyer had to sell their home.
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