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DeSoto TX couple at the kitchen island reviewing a contingent offer on their house and their calendar

Accept a Contingent Offer on Your DeSoto, TX House?

November 13, 2026

Last updated November 13, 2026. By Steven J. Thomas, Broker, Refind Realty DFW · Loan Officer, Envision Home Lenders, NMLS #689220

You can, if the contract has a kick-out clause and the buyer's own house is already listed and priced to sell. A contingent offer means the buyer has to sell their home first. In DeSoto, where 192 homes were for sale in October 2026 (NTREIS), a strong contingent offer can beat waiting for a clean one. A weak one ties up your house.

Should I accept a contingent offer on my house in DeSoto, TX?

Accept it when you can keep marketing the house and the buyer's sale looks real. Turn it down, or counter, when the buyer's house is not listed yet or the contingency date runs past your own plans. The offer is only as good as the house the buyer still has to sell.

DeSoto sellers have more company right now. The city had 192 active single-family listings in October 2026, up from 164 a year earlier, and 5.5 months of supply, up from 3.9 (NTREIS Monthly MLS Summary Report, October 2026). The median home took 63 days to sell. A buyer who wants your house enough to write an offer has value in that market, even if the offer comes with a string attached.

What is a contingent offer?

A contingent offer is a contract that only closes if the buyer sells their current home first. In Texas, that condition goes on the TREC Addendum for Sale of Other Property by Buyer, TREC No. 10-6. The buyer names their property and a deadline. If they have not sold by that date, the contract ends and their earnest money goes back to them.

You can read the form itself on the Texas Real Estate Commission site. It is one page.

How does the kick-out clause protect a DeSoto seller?

The kick-out clause lets you keep showing the house and accept a better offer. Under paragraph B of TREC No. 10-6, if you accept another written offer, you notify the first buyer and require them to waive the contingency. They get a set number of days to do it. The number is blank on the form, so you and the buyer negotiate it.

To waive, the buyer must notify you in writing and deposit additional earnest money in an amount the contract states (paragraph C). If they do not waive in time, the contract ends and you move forward with the backup buyer. If they waive and then fail to close because their house did not sell, they are in default (paragraph D).

The clause works in your favor only if you use it. Keep the house on the market, keep showings going, and keep your listing photos and price current.

What should I check before I say yes?

Check the buyer's house as closely as the buyer. Five questions cover most of it:

  1. Is their house listed? A house already on the market is further along than one that "will list next month."
  2. Is it under contract? If their buyer has signed and the option period has ended, the risk drops. Ask for the contract status in writing.
  3. Is it priced to the closed sales in their area? Have your agent pull the comps on their address. An overpriced house is the most common reason a contingent deal stalls.
  4. Does their lender approval allow for the sale? Ask for a pre-approval letter that states whether the loan depends on selling their current home.
  5. How many days to waive, and how much extra earnest money? Shorter windows and real money show the buyer is serious.

For how a deal can still fall apart after you sign, see the DeSoto seller's backup offer plan.

Contingent offer vs. waiting for a clean offer

Here is how the two paths compare for a DeSoto seller, based on current conditions:

QuestionAccept a strong contingent offerWait for a non-contingent offer
Can you keep marketing?Yes, with a kick-out clauseYes
Who controls the timeline?Partly the buyer's saleYou and the next buyer
Days on marketKeeps building while the buyer sellsKeeps building; the median DeSoto home took 63 days in October 2026 (NTREIS)
Carrying costsYou keep paying mortgage, taxes and insurance until closingThe same, until a buyer shows up and closes
Main riskThe buyer's house does not sell by the deadlineNo offer comes in at your price

The honest comparison is not contingent offer vs. perfect offer. It is contingent offer vs. the offers you are actually getting. If your house has had showings and no offers, read whether DeSoto is a buyer's market right now before you turn one down.

Why are contingent offers showing up more in DeSoto?

Many of the buyers touring DeSoto homes own a home already and need its equity to buy the next one. That is a move-up buyer, the same person many DeSoto sellers are about to become.

DeSoto pending sales rose to 36 in October 2026 from 33 a year earlier, while DFW pending sales fell 23% (NTREIS, October 2026). Some of those DeSoto buyers are selling and buying at the same time. Contracts also fall apart more than they used to: Redfin reported that 15.9% of Dallas-area homes that went under contract in September 2026 were canceled. A contingent buyer with a well-priced house can be steadier than a clean offer from a buyer who has not checked their numbers.

What does a contingent offer do to my net proceeds?

Nothing directly. Your net depends on price, concessions and closing costs, not on the addendum. What changes is time. Each month the house stays yours, you keep paying the mortgage, taxes, insurance and utilities. Ask your agent to run your net sheet at two closing dates so you see the cost of waiting in dollars. Here is how much you net selling a DeSoto house.

If you are planning to sell and buy, the buyer's situation and yours often line up. When I map a sell-and-buy plan, the gap between two closings is the part people worry about most, and a contingent buyer is dealing with the same gap. That is why the questions above matter more than the word "contingent."

Get your free Home Selling Score to see how your DeSoto house stacks up against the homes buyers are choosing right now.

More on selling in the city: DeSoto real estate and neighborhoods and how I list homes in DeSoto.

FAQ: contingent offers in DeSoto

Can I keep showing my house after I accept a contingent offer?

Yes, if the contract uses the kick-out provision in TREC No. 10-6. Your agent keeps marketing it and can bring you a backup offer. Make sure the listing status and showing instructions match what the contract allows.

How long should the contingency period be?

Short enough that you are not stuck through another season. Set the deadline no later than the closing date in the contract, as the form's notice says. Most of the negotiating happens on this date and on the days the buyer gets to waive.

What if the buyer's house is not listed yet?

That offer carries the most risk. Ask for a listing date, a list price based on comps, and a shorter contingency deadline. Or counter and ask them to come back once their house is under contract.

Does the buyer lose earnest money if their house does not sell?

No, as long as the contingency is still in place. Under paragraph A, the contract ends and the earnest money goes back to the buyer. The risk shifts to the buyer only after they waive the contingency.

Is a contingent offer better than a lower clean offer?

It depends on the gap in price and the strength of the buyer's sale. Compare both on a net sheet with realistic closing dates. A higher price that never closes is worth nothing.

Should I counter a contingent offer?

Often, yes. Counter on the contingency deadline, the waive window and the extra earnest money as well as the price. Those terms decide how much risk you carry.

About the author

Steven J. Thomas holds a financial planning degree from Baylor University and has more than 20 years in financial services. He is the Broker at Refind Realty DFW (TREC Broker License #0657467) and a Loan Officer at Envision Home Lenders (NMLS #689220), based in DeSoto, TX. Call or text 972-846-9170.

Data is based on current conditions and is not a guarantee of future prices, timelines or outcomes. This article is general information about a TREC form, not legal advice; read the full contract and addendum before you sign. The Texas Real Estate Commission's Information About Brokerage Services and Consumer Protection Notice are available on request. Refind Realty DFW is an equal housing opportunity business.

contingent offer DeSotoDeSoto TXkick-out clausesale of other property addendumshould I accept a contingent offer
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Steven J. Thomas

Steven J. Thomas is a dual-licensed real estate broker (#0657467) and loan officer (NMLS #689220) based in DeSoto, Texas, serving the Southwest Dallas–Fort Worth corridor — DeSoto, Cedar Hill, Duncanville, Lancaster, Red Oak, Waxahachie, Midlothian, and Mansfield. As an owner and associate broker of Refind Realty Inc and a loan officer with Envision Home Lenders, he handles the sale and the financing of a move as one plan, not two separate transactions. A Baylor University financial planning graduate with 20+ years in financial services, Thomas focuses on the full picture — equity, timing, credit, and the next move — not just the house. He helps DFW Homeowners sell their current home and buy or build new construction in the DFW Area.

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Steven J Thomas

Steven J. Thomas

Steven J. Thomas has been in the financial services industry for the past 19 years and started my career as a Financial Planner for American Express Financial Advisors. I entered into banking with JP Morgan Chase as personal banker in 2003 and was promoted several times up to Small Business Specialist. I earned multiple Million Dollar Club awards and was ranked in the top 5 Small Business Specialist before I branched out in 2005 to start my own Financial Management Company. I ran a successful company before family circumstances lead me to Wachovia Bank in 2008 where I worked as a Senior Financial Specialist. As a Sr. Financial Specialist; I was responsible for the P & L and revenue growth of my banking center. The elimination of my role thru a bank merger lead me to BBVA Compass. I have held various leadership roles at BBVA Compass including Personal Relationship Manager, Branch Retail Executive, Workplace Solutions VP, and his current role as a Retail Manager. As the Regional Workplace Solutions VP, I was responsible for the strategic, tactical, and execution of Partnership Banking relationships, promotion and activity with corporate and non-profit companies in my footprint. I was responsible for the acquisition production for three districts, which includes 51 banking centers and over 300 employees. In May of 2014, I joined the team at Refind Realty and became one of the managing partners in mid-2015.

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Frequently Asked Questions

Why do you need a Realtor?

When buying or selling a home, there are so many options…which can also present a lot of obstacles. Laws change, forms change, and practices change all the time in the real estate industry. Because it’s our job to stay on top of those things, hiring a realtor reduces risk, and can also save you a lot of money in the long run.

When you work with me as your Realtor, you’re getting an expert who knows the area; knows how to skillfully guide your experience as a seller or buyer; can easily spot the difference between a good deal and a great deal. My job is to translate your dream into a real estate reality, and I work hard to earn and keep my business. This also means earning your trust: When you work with me, you’ll be working with a realtor who looks out for your best interests and is invested in your goals.

Which loan should you choose?

There are two different types of loans conventional loans and government-backed loans. The main difference is who insures these loans:

1 - Government-backed loans (FHA, VA and USDA):

(a) - Are, unsurprisingly, backed by the government.

(b) - Include FHA loans, VA loans, and USDA loans.

(c) - Make up less than 40 percent of the home loans generated in the U.S. each year.

2 - Conventional loans

(a) - Are not backed by the government.

(b) - Include conforming and non-conforming loans (such as jumbo loans).

(c) - Make up more than 60 percent of the loans generated in the U.S. each year.

What is the difference between FHA, VA and USDA loans?

1 - FHA LOANS:

FHA loans, which are insured by the Federal Housing Administration, are typically designed to meet the needs of first-time homebuyers with low or moderate incomes. FHA loans can be approved with a down payment of as little as 3.5 percent and a credit score as low as 580.

FHA loans are often called “helper loans,” because they give a leg up to potential borrowers who may not be able to secure one otherwise. For this reason, FHA loans have maximum lending limits, which are determined based on housing values for the county where the for-sale home is located.

Because the agency is taking on more risk by insuring FHA loans, the borrower is expected to pay mortgage insurance both at the time of closing and on a monthly basis, and the property must be owner-occupied.

2 - VA LOANS:

VA loans are backed by the Department of Veterans Affairs and they are guaranteed to qualified veterans and active-duty personnel and their spouses. VA loans can be approved with 100 percent financing, meaning VA borrowers are not required to make a down payment.

Unlike FHA loans, borrowers do not have to pay mortgage insurance on VA loans.

3 - USDA LOANS:

You may also hear about USDA loans, which are backed by the United States Department of Agriculture mortgage program. USDA loans are intended to support homeowners who purchase homes in rural and some suburban areas. USDA loans do not require a down payment and may offer lower interest rates; borrowers may have to pay a small mortgage insurance premium in order to offset the lender’s risk.

What’s a conventional loan? Understanding what it means to be conforming and non-conforming

Buyers who have a more established credit history and a larger down payment may prefer to apply for a conventional loan. These loans may offer a lower interest rate and only require the home buyer to purchase monthly mortgage insurance while the loan-to-value ratio is above a certain percentage, so a conventional loan borrower can typically save money in the long run.

Conventional loans are divided into two types: Conforming loans and non-conforming loans.

1 - CONFORMING LOANS:

Conforming loans are those that meet (or conform to) predetermined standards set by Fannie Mae and Freddie Mac — two government-sponsored institutions that buy and sell mortgages on the secondary market. By selling the loans to "Fannie and Freddie," lenders can free up their capital and return to issue more mortgages than if they had to personally back every loan that they approve.

The main standard for conforming loans is that the amount borrowed must be under a certain amount; in Alaska, a single-family home loan must be under $647,200 in order to be considered conforming.

Properties with more than one unit have higher limits.

2 - NON-CONFORMING (JUMBO) LOANS:

But what happens if a borrower wants to borrow more than the Freddie- and Fannie-approved loan amount? In this case, they would have to apply for a “jumbo loan,” which is the most common type of non-conforming loan.

Because the lender cannot resell the jumbo loan (or any non-conforming loan) to Freddie Mac or Fannie Mae, jumbo loans are considered to be riskier than a conforming loan. To protect against this risk, the bank will typically require a higher down payment; the interest rate on a jumbo loan may also be higher than if the same borrower applied for a conforming loan.

What kind of rate should you choose?

Rate types: Fixed-rate vs. adjustable-rate mortgages.

In addition to the loan type you choose, you’ll also have to determine if you want a fixed-rate mortgage or an adjustable-rate mortgage (ARM). A fixed-rate mortgage has an interest rate that does not change for the life of the loan, so it provides predictable monthly payments of principal and interest.

An adjustable-rate mortgage typically offers an initial introductory period with a low-interest rate. Once this period is over, the interest rate adjusts periodically, based on the market index. The initial interest rate on an ARM can sometimes be locked in for different periods, such as one, three, five, seven, or 10 years. Once the introductory period is over, the interest rate typically readjusts annually.

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Office 128 S Cockrell Hill Rd, DeSoto, TX 75115

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