In today’s infographic, we take a look at the most common home contingencies you’ll see in a real estate contract.
Home inspections are the most common home contingency. Basically, a buyer is freed from their offer contract if the home can’t pass an inspection.
No one wants to make (or sell) a big investment if they’re not financially ready. More importantly, sometimes their finances really shouldn’t allow a major transition. Financing clauses protect buyers and sellers from getting ripped off.
Believe it or not, there are a lot of ways ownership of a property can be disputed. The last thing any buyer wants is to make a massive down payment and then learn it was all a scam.