fromRedfin | Real Estate Tips for Home Buying, Selling & More
1 week agoA Buyer's Guide to the 8 Most Common Real Estate Contingencies
Contingencies are an important part of the homebuying process, giving buyers a safety net during the transaction. They are conditions written into the purchase agreement that must be satisfied for the sale to move forward, allowing either party to back out without penalty if specific terms aren't met. Although not required, contingencies are standard in most real estate contracts, and some are especially important depending on the location.