Buyers walk into your home and fall in love with it. There is one problem–they will have to sell their home before they can buy yours. Their offer contains a contingency clause that makes their purchase dependent upon selling their present home. Should you accept such an offer?

Your decision should be based on several factors.

Is their home being professionally marketed at this time, or are they trying to sell it themselves (a risky proposition!)?

How long has it been on the market? If the house doesn’t sell, can the buyers take out a bridge loan or make other arrangements to complete the purchase?

How important is timing for you?

Will the buyers agree to let you continue marketing your home and accept a noncontingent contract (and void theirs) if their house does not sell?

There should be a release clause in your contract that allows you to accept a better offer should one come along.

Contingent contracts often work out well, but a professional realtor can help you weigh the pros and cons.