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A potential buyer wants to buy my home but must sell their home first. Is it possible to accept their offer and still entertain other offers?

You will want to be careful when attempting to negotiate with more than one buyer for your home. You should consider speaking with an attorney before signing a legally binding contract.

If you are going to accept an offer from someone who has to sell their home first you should incorporate a kick out clause to the contract. The kick out clause when signed by you and your buyer will allow you to continue showing your home and enter into a back up contract with another purchaser, with the new contract being subject to the termination of your primary contract. The clause further details steps your primary buyer must take to continue with their contract.

Posted in Selling a home.

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