Contingencies Explained
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Contingencies Explained
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What Are Real Estate Contingencies?
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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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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
130 views5 months ago
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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🏡 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
102 views5 months ago
FacebookThe Kerin Group
Inspection Contingency Addendum to Purchase Agreement
Inspection Contingency Addendum to Purchase Agreement
Sep 30, 2018
eforms.com
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YouTubeHeather Barajas Arizona Realtor
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When buying a home, protect yourself with these 3 contingencies. -inspection period -appraisal -financing contingency As a home buyer, you have these contingencies built into the contract to protect you and your deposit incase the deal goes south. #homebuying #realestate #realestatetips #homebuyertips
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The inspection contingency is there to protect the buyer.
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