What Are Real Estate Contingencies?
What Are Real Estate Contingencies?
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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
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🏡 What Is a Sale Contingency in Real Estate? A sale contingency mean…
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Let’s talk contingencies! In real estate, a contingency is a clause in your contract that protects you if either party can’t meet their obligations. One of the most common? A financing contingency — which gives buyers an out (and their deposit back) if they can’t secure a mortgage for a legitimate, documented reason. Sometimes buyers choose to waive certain contingencies to strengthen their offer, and sometimes sellers only want contingency-free offers. That’s why having a strong team matters —
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