Do you want to delay the final sale of your home until you find another place to live? Sometimes sellers are worried that if their house sells too quickly they'll have to put their belongings in storage and pay rental until they can find a new place, If this is your concern then you may be the right candidate for a contingency sale agreement. Here's how they work.

A contingency contract will contain a single line of text making the transaction contingent on the seller finding a replacement home. Many buyers will decline to accept a contingency contract because it gives the seller the right to delay the sale beyond acceptable limits. For this reasons contingency sellers' contracts are most often seen in seller's markets.

Think carefully before deciding on a contingency sale contract. It could delay the sale of your house significantly. On the other hand it could insure that you aren't placing your belongings in storage and living in a rental unit for an indefinite period of time.