324: Navigating Contingent Contracts in Real Estate
Description
Contingencies are back — and they’re anything but simple.
In today’s market, contingent offers are popping up left and right, and we’ve got stories. From getting stuck in a 60-day stalemate to crafting creative clauses that save the deal, we’re sharing what it really looks like to handle contingent offers like a pro.
This episode is not your typical contract rundown (although if that’s what you want, check out Episode 218). Instead, we’re digging into real-life examples of contingencies gone sideways and how those experiences have changed the way we approach them forever.
Whether you’re the listing agent fielding a “my house isn’t even on the market yet” offer, or the buyer’s agent trying to keep your clients from panicking mid-deal — this one’s for you.
Here’s what we cover in this episode:
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The #1 mistake agents make with contingent buyers
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Why contingent offers feel riskier in today’s buyer-driven market
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How to protect your seller and keep the deal alive
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Contingency timelines that actually work
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Why listing status changes matter more than you think
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The verbiage Katy and Alissa now add to every contingency deal
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What to do when your buyer panics mid-transaction
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How to coach buyers and sellers through backup plans (Plan A, B, and C!)
Key Quotes & Takeaways
“You’re on a train headed nowhere — that’s what it feels like when a contingency stalls.” — Alissa
“Buyers see contingent status and think it’s pending. Agents do too. That’s the real problem.” — Katy
“Don’t get stuck in a 60-day trap. Put timelines and expectations in writing from the beginning.” — Alissa
“If your buyer can’t sleep, you’ve got a problem. Help them make an educated decision, not an emotional one.” — Katy
Products, People & Previous Episodes Mentioned:
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Episode 218: Real Estate Contingencies Explained
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Episode 65: Buying and Selling at the Same Time
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Email Templates 101: https://emailtemplates101.com
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Agent Systems 101: https://agentsystems101.com
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Music:
Straight A’s by Conner Price
The Good Life by Summer Kennedy