Seller Guide - From Start to SOLD - Flipbook - Page 33
COMMON CONTINGENCIES
01
Every contract has a 10-day inspection
contingency. This is where the buyer is able to do
their due-diligence on the property with a
professional inspection.
02
Financing Contingency
03
Appraisal Contingency
04
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Inspection Contingency
Most contracts are also contingent on the buyer's
financing. We don't accept offers unless we have
the buyer's pre-approval from a lender.
Inside the buyer's financing there is often an
appraisal contingency. This means the buyer's
financing is contingent upon the home appraising
for their loan amount.
Home Sale Contingency
Some contracts are also contingent upon the buyer
selling and closing on their current home. There
will be additional paperwork and dates we abide
by with this type of contingency.
