A contingent offer means a buyer has agreed to purchase a home — but only if certain conditions are met first. These conditions, or “contingencies,” must be satisfied before the sale becomes final. /*! elementor - v3.23.0 - 15-07-2024 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img{width:48px}.elementor-widget-image...
Home Inspection Contingency
A contingency in real estate is a condition written into the purchase agreement that must be met before the sale can move forward. If the condition isn’t met, the buyer or seller may cancel the deal without penalty.Contingencies exist to protect both buyers and sellers. For example, a buyer might make an offer that’s contingent on securing financing or the home passing an inspection. Sellers,...