Ocean City, Longport and Sea Isle City New Jersey real estate listings, home buying, selling and relocation information

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Real Estate Contracts >Contingency Sale

Sellers may be reluctant to accept an offer that is contingent on the sale of another property. However, such a sale can be structured to minimize the risks.

The seller should put a limit on the amount of time that the buyers have to accept an offer, and they should keep their home on the market during that time. They should also reserve the right to require that any contingencies be met within a short period of time, ideally 24 to 48 hours, if they get a second offer. This is called a "First Right" contingency.

Contingent sales can work well for the sellers. The buyer is not in a position to ask for concessions on price or terms and may be able to get interim financing. Each situation is different, however, so go over the terms with your real estate agent before accepting a contingent offer.

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Q	During what great land boom (1919) did investors pay up to $25,000 for lots that had not yet been dredged up from the ocean?
A	The Florida Land Boom--Carl Fisher founded Miami Beach that year and brought hundreds of investors to the state.
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Jack Zaborowski, REALTORŽ, real estate agent and broker for Ocean City, Longport and Sea Isle City New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Jack Zaborowski
Keller Williams Oceanside
Main: 1-609-398-SOLD
Direct: 609-398-7653
Email: OCJACK@KW.COM
Although I was born in Philadelphia, I have had my toes in the sand since I have been an infant. As a child, I was fortunate to spend my summers at the shore. I am grateful to my family for all of the fun times and fond memories which occurred at the beach. The beautiful beaches, great golf, fishing and family fun enticed me to make Ocean City my home for the past twelve years. I also have my mother to thank for my career in real estate. She was my inspiration to become a second generation realtor. Real estate and the beach are in my blood. I am also proud graduate of St. Joeďż˝s Prep and The Penn State University. I consider myself to be an energetic, hard working, caring individual who lives life to its fullest. I welcome the opportunity to show you the Ocean City that I know and love. It is truly Americaďż˝s Greatest Family Resort.

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