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WELCOME to Addison County, Vermont and the Champlain Valley! Summer is here and our resorts and lake activities are in full swing. You'll love playing golf at the Basin Harbor Club, one of Vermont's most prominent lakeside resorts. Dinner at the Black Sheep Bistro in Vergennes should be on your list of things to do and there's always the opportunity to enrich your knowledge of our historic waterways, where Commodore MacDonough built battleships and sailed them into Lake Champlain to fight the British during the War of 1812. If you're vacationing in our area, be sure to stop by our office and introduce yourself. We specialize in waterfront property and will be happy to educate you about our very propsperous second home market. Better yet, come and stay! We have lots of year-round properties you'll want to call "home". |
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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 |
What is considered one of the greatest U.S. construction projects that was also of great strategic importance to the U.S.?
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| A |
The Panama Canal, begun in 1904 and completed in August, 1914, which cost $366,650,000. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
