Contingencies Explained
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What is a contingency? A contingency in real estate is basically a built-in protection for buyers (and sometimes sellers). Think of it as a condition that must be met before the sale can officially move forward. Here are the most common ones you’ll see👇 ✅ Inspection Contingency – Lets the buyer inspect the home and negotiate repairs or walk away if major issues pop up. ✅ Appraisal Contingency – Protects the buyer if the home doesn’t appraise for the purchase price. ✅ Financing/Mortgage Continge
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FacebookKaralee Vigstol- Realtor with Bridge Realty
🏡 What Is a Sale Contingency in Real Estate? A sale contingency means your deal depends on another home being sold first. ⭐ If You’re the Buyer: A sale contingency says: > “I want to buy your home, but only if my current home sells first.” This protects the buyer so they don’t get stuck owning two homes at once or being unable to close financially. There are two common types: 1. Home Sale Contingency Your current home is not yet under contract. You’re telling the seller you need time to list it
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