Contingencies are conditions that must be met before the real estate sale will be finalized. Most offers include a set of standard contingencies that protect either the buyer or the seller. Contingencies are one reason that most sales agreements provide for several weeks before closing can take place.
Why Home Buyers Need Contingencies
By Sandy Gadow Special to The Washington Post So you’re buying your first house. You’ve gotten preapproved for a mortgage, researched a plethora of neighborhoods and after months of touring dozens of houses you’ve finally found what you think is … Continue reading →