Tag: Contingency

Posted on 01/23/2022
What Makes a Contingency Valid? 4 Basic Rules to Follow
When making an offer on a home, a buyer may add contingencies to their contract. There are many types of contingencies that apply to myriad situations and can protect the buyer from unexpected issues in the transaction. Sellers can also add their own contingencies either on their own or in counteroffers to protect their interests in the sale....
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Posted on 12/05/2021
Understanding Real Estate Contingency Types
In a home sale, there are many types of contingencies that might appear in the purchase contract. These special clauses provide ways for the buyer to back out of the sale if various conditions aren’t met. All contingencies are there to protect the buyer rather than the seller, but are usually up for negotiation depending on contract terms....
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