The "contracts out" strategy means your attorney sends draft contracts to both your primary buyer and a qualified backup buyer simultaneously. Whoever signs first and wires the 10% earnest money deposit secures the property. This creates a race to execution that strips the buyer's attorney of the ability to endlessly debate minor clauses, forcing rapid contract signing and protecting your timeline.
From the seller playbook: Attorney Speed and Deal Certainty
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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