A contingency in a contract means something has to happen for the contract to move forward. Some are financial, appraisal related, and some have to do with factors outside the actual contracted property. For instance, maybe your offer on a new home is contingent on selling your current home. Makes perfect sense for you but what about the seller of the new home you want?
The seller may have plenty of people looking at his home. Why would he tie it up in a contract with someone with a contingency? Maybe the seller has plenty of time and the offer is a good one. Many times during a seller's market, contingencies in the offers they receive kill the deal. They will only need to await the next offer without a contingency.
In the days of a buyer's market where offers may be few and far between, the contingency offers are welcomed by the sellers. The best way to determine if a contingency in your offer will work is to look at the offer from the standpoint of the seller.
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