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! 📲
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