760-814-1850
    info@1850realty.com

1850 Realty ®1850 Realty ®

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Contingent Offers, Do They Work?

The answer is yes!

With our proven strategy of course.

Let’s take a look at the definition of contingent: “a future event or circumstance that is possible but cannot be predicted with certainty.” What is a contingent offer? This is an offer to purchase real estate, that requires the buyer to sell a property in order to perform on the purchase of another one.

Who does this apply to?

Any homeowner who has equity tied up in a property they want to use to purchase another; or one who cannot qualify for two mortgages at the same time. In practice, it is usually a combination of both. Take a current client for example: they have a property with $295,000 in equity and want to buy a larger home. They can’t qualify for the new purchase with their existing mortgage payment, nor do they have the income to make the payments on both if approved without buying the new purchase down by $295,000.

How does this work?

You need to have your home ready to be actively for sale, or in some rare cases in the process of getting it ready for sale. You write your purchase offer as if you have the net proceeds in hand, and add a form called Contingency for Sale of Buyer’s Property. This spells out details of your home- where it is listed, who it is in escrow with, and the timeline you have to remove this contingency to move toward a purchase. You also need to entice a seller into being amenable to accepting an offer that will take additional time and risk, and this can be done by an increase in purchase price that may be coupled with a removal of an appraisal contingency with the offer. If you have a lump of cash in hand, you can cover a minor difference in appraised value versus purchase price as a reward to the seller for accepting your offer.

What are my options?

Can we keep our home, or do we need to sell? It depends. How much equity do you have in your home right now? You have options, whether it be sell, rent, or refinance. Each individual transaction is different, and each scenario needs to have a carefully formed battle plan to win. We help our client’s achieve their goals with our proven strategies: from first time move up buyers, to million dollar owners who wanted multi million dollar property. 1850 Realty has even taken over an entire contingent sale and purchase from another broker, when they couldn’t execute on the client’s behalf.

If you are looking to make a move into a larger home, leverage equity to augment your real estate portfolio, or move down with your current tax basis, we can help craft a solution to help you achieve your goals. The real estate experts at 1850 Realty are here to help, contact us anytime: call (760) 814-1850 or email info@1850realty.com

 

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1850 Realty

10 hours ago

1850 Realty

Looking for holiday lights near you? 🎄 Check out our list of festive lights throughout San Diego County 📲 link in bio

#holidayseason #sandiegocounty #thingstodoinsandiego
...

Looking for holiday lights near you? 🎄 Check out our list of festive lights throughout San Diego County 📲 link in bio#holidayseason #sandiegocounty #thingstodoinsandiego
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1850 Realty updated their cover photo.

11 hours ago

1850 Realty

Join us on Saturday 12/21 for a Photo with Santa between 10-12pm!

Professional photos by Melissa McClure Photography

PLUS! Hot Cocoa Bar by our favorite lender Celeste Mayer Hergenrother <3

FREE EVENT! Hope to see you there~
...

Join us on Saturday 12/21 for a Photo with Santa between 10-12pm!Professional photos by Melissa McClure PhotographyPLUS! Hot Cocoa Bar by our favorite lender Celeste Mayer Hergenrother
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1850 Realty

2 days ago

1850 Realty

Did you hear? 🔔 Santa is coming to town! 🎅🏼

That’s right we are hosting St. Nick himself on Saturday 12/21 from 10-12pm at our office in San Marcos. Join us for one FREE photo with Santa! There will be a hot cocoa bar too! That’s merrily provided by @celestemayer with Fitzpatrick Capital. Hope to see you there!!

#sentinvitesbymail #santaiscomingtotown #1850realty #communitylove
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1850 Realty is in Lake San Marcos, California.

6 days ago

1850 Realty

FOR SALE ✅ Rare entry level condo in Lake San Marcos offers mountain views and easy living lifestyle.

Clean & cute! 🤗

This 🛌one bedroom 🛁one bathroom home features new carpet and flooring throughout including freshly painted interior walls. The kitchen 🍽 has been refinished with brand new stainless steel appliances and new sink faucet.🚰 En suite bathroom features two separate vanities with new faucets.

🚙Parking includes one covered parking spot and one tandem spot. 🚗

Sliding door off living with covered patio looking out to mountain views. ⛰Walking distance to Lake⛵️, Golf course🏌🏻‍♀️, restaurants 🍝and retail shops🛍.

✅HOA includes water, sewer, trash, roof, exterior & common area maintenance. 🚫No age restrictions.

PLUS, Optional membership to Lake San Marcos Lodge with lake access, tennis, pickleball, pools. Come see today. ✅

📲 1627Sonata.com

#linkinbio👆 #sanmarcosca #sandiegorealestate #northcountysd #sandiegorealtor #condoliving #lakesanmarcos @ Lake San Marcos, California
...

FOR SALE ✅ Rare entry level condo in Lake San Marcos offers mountain views and easy living lifestyle.Clean & cute! 🤗This 🛌one bedroom 🛁one bathroom home features new carpet and flooring throughout including freshly painted interior walls. The kitchen 🍽 has been refinished with brand new stainless steel appliances and new sink faucet.🚰 En suite bathroom features two separate vanities with new faucets.🚙Parking includes one covered parking spot and one tandem spot. 🚗Sliding door off living with covered patio looking out to mountain views. ⛰Walking distance to Lake⛵️, Golf course🏌🏻‍♀️, restaurants 🍝and retail shops🛍.✅HOA includes water, sewer, trash, roof, exterior & common area maintenance. 🚫No age restrictions.PLUS, Optional membership to Lake San Marcos Lodge with lake access, tennis, pickleball, pools. Come see today. ✅📲 1627Sonata.com#linkinbio👆 #sanmarcosca #sandiegorealestate #northcountysd #sandiegorealtor #condoliving #lakesanmarcos  @ Lake San Marcos, CaliforniaImage attachmentImage attachment+6Image attachment
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1850 Realty

1 week ago

1850 Realty

At @1850realty, we believe an #attitudeofgratitude is a year round lifestyle. 😇

We want to partner with you! And give back to the community we love ❤️

We are collecting donations for @projectbeauty4all through Thursday December 12th. Drop off at our offices in San Marcos anytime M-F 9-5pm. ⏰
Listed below ⬇️ are the items in need:

Travel size shampoo 🧴
Travel sized toiletries 👛
Gently used makeup 💄
Feminine products 💗
Toothpaste, tooth brush 🦷
Socks (children & adult sizes) 🧦

Project Beauty for All
Their mission is to provide beauty products, hygiene items and haircuts for men, women and children who are distressed in homeless and domestic violence shelters. Learn more at:
www.projectbeautyforall.org/

#seasonofgiving #donationsneeded #communityfirst #1850realty
...

At @1850realty, we believe an #attitudeofgratitude is a year round lifestyle. 😇We want to partner with you! And give back to the community we love ❤️We are collecting donations for @projectbeauty4all through Thursday December 12th. Drop off at our offices in San Marcos anytime M-F 9-5pm. ⏰
Listed below ⬇️ are the items in need:Travel size shampoo 🧴
Travel sized toiletries 👛
Gently used makeup 💄
Feminine products 💗
Toothpaste, tooth brush 🦷
Socks (children & adult sizes) 🧦Project Beauty for All
Their mission is to provide beauty products, hygiene items and haircuts for men, women and children who are distressed in homeless and domestic violence shelters. Learn more at:
https://www.projectbeautyforall.org/#seasonofgiving #donationsneeded #communityfirst #1850realty
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760-814-1850
info@1850realty.com

251 North City Drive, Ste. 128F, San Marcos CA 92078

1850 Realty ®
California DRE #01946868
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