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With over 25 years of real estate experience, Lucretia knows Moore County real estate! 910-692-6767.
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Market Snapshot
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 |
What is encroachment, and how might it affect a property owner?
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| A |
Encroachment, refers to the unauthorized intrusion of a building or improvement onto another person's property; it often requires a surveyor's report to support the claim. |
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Lucretia Pinnock
Pinnock Real Estate & Relocation Services, Inc.
115 E. Pennsylvania Ave.
Southern Pines, NC 28387
910-692-6767
Fax: 910-692-4141
lucretiapinnock@NUMBER1EXPERT.com
Whatever your questions, I'll help find the answer. I have been a full time
real estate professional in Moore County, North Carolina since 1985. And as
one of America's NUMBER1EXPERTST and an avid reader of professional
journals, I understand national and local trends in the real estate market.
Staying informed is critically important to my clients in the turbulent Real
Estate Market that exists. Because of this level of professionalism, I was
honored by Realty World-America and Keller Williams Realty as a Top Agent.
I was named as Realtor of the Year for our Association of Realtors in 2003.
I am well equipped to guide you through all your real estate needs in the
Pinehurst area and take that opportunity and responsibility very seriously.
I guide a Team of Real Estate Professionals to provide the highest level of
service and look forward to providing that level of service to you and your
friends! Call or email me today! 
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