Talk of The Villages Florida - View Single Post - TV house sold on contingency?
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Old 07-12-2013, 01:17 AM
gjbl8114 gjbl8114 is offline
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I am certain that your post was written to warn others of such a stressful possibility, however, it should be noted that contingency sales are in fact, a CHAIN sale by any other name. A Chain sale is never a good idea regardless of the situation for neither the buyer or the seller. It puts both in a situation that neither would like to be. IMO, it would be safe to say that a sale with such a contingency is a sale that probably shouldn't take place in the first place. It is always a better idea to sell an existing property before getting too involved in the purchase of another - especially if it will cause financial hardship. TV's sales people are always anxious to sell properties, and new buyers, especially those who are immediately and impulsively impressed with the lifestyle of TV's are eager to buy. Common sense should kick in at some point and as a previous poster has indicated, you should consider how you would feel if the shoe were on the other foot. Good advice is to not let your impulsive overwhelming desire to purchase in TV's outweigh your common sense.