What Does Contingency Mean?

Wondering what “Contingency” is?

It’s a condition that MUST be met for a real estate deal to go through.

Some common contingencies include:

💰 Financing: A Buyer must secure a loan.
🛠 Inspection: Home must pass a professional inspection.
🏡 Appraisal: Home must appraise at the agreed price.
And it can include a contingency for the sale of your current home.

Contingencies protect both buyers and sellers, ensuring a fair and secure transaction.

Do you have questions about buying or selling a home? Contact me today for expert advice! 📲

#contingency #realestatevocab #realestateagent #elkgroverealestate #buyertips #sellertips #buyingahome #sellingahome

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