Buyers and Sellers Cooperating for Terms to Work
As the market for the purchase and sale of residential properties continues to stabilize and return to normal, we are beginning to see more sellers accepting offers to buy their homes subject to the sale of the buyers' homes, this after a period where such contingencies were few and far between. Even though these contingencies add to the complexity of offers, this arrangement works to the benefit of both buyer and seller to seal a deal and can be very satisfying and cooperative, so long as both parties adhere to the strict details in the home sale contingency provision.
Attention to timelines ("Time is of the essence") and procedural requirements is critical in ensuring these arrangements succeed. For example, buyers must have their homes listed by a broker within three days of the ratification of the contract, and at a price that is very realistic and attractive to the market. The contract the buyer eventually receives on his home must be free of all contingencies other than financing within the specified timeframe to satisfy the home sale contingency terms. Meanwhile, sellers are permitted to accept back-up contracts in the event the initial contract becomes void.
The combination and realization of these transactions will take more time since there is additional scheduling and detail coordination along with the usual process requirements of yet another transaction. With careful planning and oversight of experienced agents, achieving the desired outcome, though, can meet the objectives of, and fulfill the dreams of, all the parties to the deals.
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F. Hill Slowinski, JD, REALTOR® in DC, MD, and VA
W.C. & A.N. Miller Realtors, A Long & Foster Company
Exclusive Affiliate of Christie's Great Estates, Top 1% Long & Foster Agents, President's Club 2008
Consultant, Luxury Real Estate, Sloans & Kenyon Auctioneers and Appraisers
4701 Sangamore Road, Bethesda, Maryland 20816
Tel: 301-229-4000 Fax: 301-229-4015
Direct: 301-320-8430 · Cell: 301-452-1409
Email: HSlowinski@LNF.com · Web Site: www.HillSlowinski.com
Weblog: http://HillSlowinskiRealEstate.com
Belle Rive Estate 
The design of the home and its orientation over the Potomac River were influenced by the architecture of Frank Lloyd Wright, overlooking the river from all corners and several exterior decks and balconies above the main level patio. Experience virtually the same impressive views of the Potomac River that George Washington had from his home at Mount Vernon, which is located ~1 mile up river. 
Opposite East Shore: 
For owners who view security as a business decision, the strategically fortified environments include a subterranean central core complex of rooms with protected access and communications, suitable for secure storage of records, valuables, or arms. The building includes the usual alarm and security systems with cameras and motion detectors. The home's solid brick, block, and steel construction and its below-ground lowest level lend themselves to use as a dedicated safe room for executive, military, diplomatic, or embassy potential. 
A central core could be retrofitted with a four-level dumbwaiter. The open fourth level has been used at various times as a chapel, conference room, recital hall, business center, reception area, and art gallery with a large rooftop deck including separate enclosed external circular stairwell for catering and supplies delivery. 
FOR FURTHER INFORMATION:
F. Hill Slowinski, JD, Consultant, Sloans & Kenyon Luxury Real Estate
Offered for $
Just imagine! 8.25 bucolic acres just outside Potomac is the site of this 1964 Colonial with an elegant marble foyer, 11′ ceiling in living room with fireplace, dining room with fireplace, paneled library, 2 Master bedrooms (one on main level). It features a newer gourmet kit with large breakfast room with a fireplace and an adjacent family room. Floors have been refinished. Recreation room has a new floor!
uipment garage and greenhouse. 