Common Contract Contingencies Explained

Financing Contingency

Protects buyers if financing cannot be obtained.

Inspection Contingency

Allows buyers to evaluate the property's condition.

Appraisal Contingency

Protects buyers if the home appraises below the agreed purchase price.

Title Contingency

Requires the seller to provide clear title to the property.

Home Sale Contingency

Allows buyers to complete the sale of another property before closing.

Understanding contingencies helps sellers evaluate offers more effectively.