is a contingency?
once you’re in escrow you might come across a problem or two.
But usually you will work them out with the seller and continue the escrow
if a problem arises that cannot be worked out, you’ll want to
be able to cancel the contract without penalty. The best way to
do this with out serve penalty is to use what is known as a "contingency,"
and you’ll want to make sure you include them in your offer
when you purchasing a home.
in a purchase agreement
of the important contingencies are already written into most
Estate Purchase Contrast. Some of these include, but are not
on the property
inspections must be performed and pass
Acceptance of the condition of the property
contingencies are included to protect you. If there is a
specific issue you need to be a contingency, let your agent know
so they can be sure to include it in the offer.