The Direct Answer

Evaluate a buyer home-sale contingency in a Phillips Creek Ranch offer as part of the complete transaction. Clarify the other home’s status, financing, deadlines and the terms governing what happens if that sale does not close.

What Is a Buyer Home-Sale Contingency?

In Texas, a buyer may structure a purchase so that completing the new purchase depends on receiving proceeds from the sale of another property.

The Texas Real Estate Commission provides an Addendum for Sale of Other Property by Buyer for transactions where that structure applies.

The exact contract and addendum terms control the parties’ rights and deadlines.

For the seller, the practical issue is that another property and another transaction may now influence whether your sale reaches closing.

First Determine Where the Buyer's Existing Home Stands

Not all home-sale contingencies create the same level of uncertainty.

A buyer whose existing property is already under contract may present a different risk profile from a buyer who has not yet listed the home.

Useful questions can include:

• Is the buyer’s existing home already listed?
• Is it already under contract?
• Has the inspection period been completed?
• Has an appraisal been completed when financing is involved?
• How far is that transaction from closing?
• Does the proposed timeline align with your desired closing date?

The further along the buyer’s existing sale is, the easier it may be to evaluate the remaining uncertainty.

A Buyer Who Has Not Listed Yet Creates More Moving Parts

If the buyer still needs to prepare, list, market, negotiate and close another home, your transaction may depend on several events that have not occurred yet.

That does not automatically make the offer unacceptable.

However, a Phillips Creek Ranch seller should understand that delays or problems in the buyer’s sale could affect the buyer’s ability to complete your transaction.

The contingency should therefore be evaluated as a meaningful contract term—not treated as a minor detail.

Compare the Contingency With the Purchase Price

A strong purchase price can make an offer attractive, but sellers should consider what they are receiving in exchange for accepting additional uncertainty.

For example, a contingent offer at a stronger price may deserve consideration when there are few competing buyers.

If the seller already has another credible offer without the same dependency, the comparison may look very different.

Price and certainty should be evaluated together.

Learn About Seller Offer Strategy and Protection

Evaluate the Buyer's Financing Separately From the Home-Sale Contingency

A buyer may need proceeds from another home for a down payment, closing funds or overall loan qualification.

That makes lender preparation particularly important.

Useful questions may include whether the lender has reviewed the buyer’s income, assets and credit and whether the buyer’s proposed financing appears compatible with the contract timeline.

A buyer’s existing home going under contract does not automatically mean financing on your Phillips Creek Ranch home is complete.

The existing sale and the new mortgage are separate pieces of the buyer’s ability to close.

Contingency Deadlines Matter

A seller should understand exactly what the contract requires and when the applicable contingency must be satisfied or waived.

The TREC Addendum for Sale of Other Property by Buyer includes provisions addressing the buyer’s sale contingency and the applicable deadline.

Because contract rights depend on the actual documents signed by the parties, sellers should rely on the executed contract and obtain legal guidance when interpretation is required.

Never base an important deadline on a verbal understanding when the written contract controls.

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