These are clauses in your contract that give you an out if something unforeseen arises from the time you make an offer until you close. Real estate contingencies protect you from losing your earnest money if you walk away from the transaction and can give you leverage when negotiating with ...
If you are thinking of selling or buying real estate, here is a guide to some of the most important contingencies to include in your contractFox Business
Ch 9.Transfer of Real Property Ch 10.Advanced Transfer of Real... Ch 11.Fair Housing & Consumer Protection Laws... Ch 12.Real Estate Transactions &... Ch 13.Contract Law in Real Estate What Is an Offer in Contract Law?7:50
A home sale contingency is one type of clause frequently included in a real estate sales contract or an offer to purchase real estate. With a home sale contingency in place, the transaction is contingent on the sale of the buyer’s home. If the buyer’s house sells by the specified dat...
The sellers selected an all-cash offer for $75,000 over the listed price! Our real estate agent called it the minute we walked in the front door. “This house is listed for a bidding war,” she told us. We wasted three days constructing an offer anyway. Home Buying Contingencies In a...
Real estate contract contingencies (like the mortgage finance contingency) are directly related to the earnest money deposit but have no bearing on the down payment. An Example Financing Clause in a Contract As far as the actual wording goes, financing contingencies can vary from state to state....