Contingency Explained A contingency fee operates in the same manner regardless of the field. The worker and the person hiring the worker make an agreement for money in exchange for specific duties to be performed. Once the agreed-to tasks have been completed, the contingency fee is paid. The ...
What is a conditional use permit? How to get a conditional use permit for a property What benefits do conditional use permits have for investors? Learning how to calculate a return on investment in real estate can help you see if a property investment is worthwhile. ...
A real estate contingency is a provision that something must be overcome or approved to consummate a transaction. In other words, it’s a condition, such as “I will buy this house IF (fill in the blank)”. Silicon Valley real estate consumers are well aware that home buyers normally have...
Accept with a contingency:If you want to accept but have specific concerns, you can accept with certain conditions, or contingencies, in place.Common real estate contingenciescan be based around the title, financing, closing date and more. Make sure the language in a contingency is crystal-clear...
It can be useful to establish contingency plans for your family, in case you and/or a spouse pass away earlier than expected. You can name guardians for minor children, set up life insurance, and determine who is willing to act as executor for your estate. 3. Establish all legal directi...
you will need a home sale contingency in your contract. Contingencies are not always necessary though. For some people it’s a need, while for others it’s a want. You might need some guidance on what it looks like for you. The Blanchard Team is here to help. Sit back, watch the vi...
It can take weeks for a buyer’s needs — called “contingencies” — to be met. After these contingencies are settled, the sale is pending until it’s officially completed.
The seller might be willing to continue showing the property during this time, but if it's a house you're excited about, talk to your real estate agent. It matters what the contingency is for. If the sale has a contingency based on the buyers selling their current home, for example, ...
Your earnest money deposit is protected during the due diligence period as long as you include a contingency in your real estate offer.Wait beyond this period, however, and you risk your earnest money. However, home inspection and appraisal only represent the tip of the iceberg. There is much...
What is a lease? The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial/for profit use of the property. This type of rental agreement usually covers a longer period of time–the lease term is at...