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 →
A contingency is a condition in a Purchase Agreement which states that the agreement is reliant upon certain events taking place, such as approval of a building inspection, delivery of marketable title, obtaining acceptable financing or mortgage commitments, even meeting … Continue reading →
Common contingency clauses include: Financing Contingency: allowing Buyers a specified amount of time to obtain a loan commitment and financing which is acceptable to them Inspection Contingencies: depending on your state law, contingency clauses can be written to cover property … Continue reading →
