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Category Archives: Contingencies

Why Home Buyers Need Contingencies

Sandy Gadow

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 →

Posted in Buying, Contingencies, Selling | Leave a reply

What are Contingencies and Why They Are So Important

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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 →

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What Are the Most Common Contingency Clauses?

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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 →

Posted in Buying, Contingencies, Selling | Tagged contingency, financing, inspection, mediation | Leave a reply

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