contingency: Barbara's Blog - Kick Out Clause
- 07/15/15 04:13 AM
Usually a buyer with a home to sell will add the contingency that their home has to sell first prior to completing the purchase of a new home. When adding this to an offer, the buyer usually sets a time frame for as little as 30 days to as long as 90 days, depending on the housing market, for their house to sell. The seller has to agree to these terms when accepting the offer because if the buyer cannot sell their home within that time frame, the deal can be terminated and the buyer retains their deposit.
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