Home contingencies can make all the
difference in a real estate transaction. A contingency means the seller
has accepted an offer on the property, but success of the sale may still
depend on certain clauses. These clauses usually fall under three
categories: passing a home inspection, securing financing, and the legal
ownership of the property. Contract contingencies are often called “a
buyer’s best friend,” but there are a few contingencies that help
protect the seller as well.
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