Monday, April 24, 2017

Most Common Contingencies


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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