This is exactly why the inspection contingency exists- to protect you before you’re locked in. #inspection #contingency #mortgagequestions | Julie Johnson
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What Are Real Estate Contingencies?
What Are Real Estate Contingencies?
8 months ago
zillow.com
What is a contingency? A contingency in real estate is basically a built-in protection for buyers (and sometimes sellers). Think of it as a condition that must be met before the sale can officially move forward. Here are the most common ones you’ll see👇 ✅ Inspection Contingency – Lets the buyer inspect the home and negotiate repairs or walk away if major issues pop up. ✅ Appraisal Contingency – Protects the buyer if the home doesn’t appraise for the purchase price. ✅ Financing/Mortgage Continge
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