Typically, the release clause timeframe for performance is negotiable, although it's often 72 hours. You can make your offer more attractive by shortening the timeframe to 48 or even 24 hours.
Don't wait until you are served with a notice to remove your contingent-sale contingency to line up interim financing. If there is serious interest in your home, you may decide to buy the new home even though your home isn't yet sold.
Offering more money in consideration for a contingency on the sale of your home will work with some sellers. But, if the market in your area is active, you may find that the only sellers that will entertain contingent-sale offers are those whose properties have been on the market for some time, and they might be overpriced for the market.
Buyers who are unable to successfully negotiate a contingent-sale offer should rethink their strategy. It may be an impossible goal.
THE CLOSING: If you're trying to buy in an area with low inventory and plenty of noncontingent buyers, you may have to sell before buying.
Dian Hymer is author of "House Hunting, The Take-Along Workbook for Home Buyers" and "Starting Out, The Complete Home Buyer's Guide," Chronicle Books.
Copyright 2007 Dian Hymer