Should I stop showing my house after its in contract?
I know its a hassle showing your house. You have to keep it cleaned up all the time while dealing with the kids and the dogs. So as soon as you get that contract you don’t want to take any more showings. You just want a break from showings.
Should you stop showing your house after its in contract? NO. Why? Are you familiar with the saying “It ain’t over till the fat lady sings”? It means that one should not presume to know the outcome of an event which is still in progress. This saying is very true in real estate.
You just got your house into contract but you’re not past the option period. The option period is the time period the buyer has the unrestricted right to terminate the contract. If he terminates, you’re back on the market looking for another buyer.
If the property doesn’t appraise, the buyer has the right to terminate the contract. Your house goes back active on the market and the search for buyer starts again.
If the buyer can’t secure financing, you’re back on the market looking for another buyer.
You want to accept as many showings as possible. Because if for some reason something happens with the current buyer then you have another interested buyer to call right away. Take the showing requests even when your house is in contract. I know it’s a hassle to continue to accept showings but it’s not over until the fat lady sings and you have your money in hand.