Contingencies are conditions that must be satisfied before a sale can close.
Common Contingencies
Financing Contingency
Allows the buyer time to obtain financing.
Inspection Contingency
Allows the buyer to conduct inspections.
Appraisal Contingency
Protects the buyer if the property appraises below the purchase price.
Sale of Existing Home Contingency
Requires the buyer to sell another property before closing.
Contingencies are common and should be reviewed carefully.