what protects a seller that hasnt found their next home: What is a Home of Choice Contingency?
- 03/30/12 09:38 AM
What is a Home of Choice Contingency? A home of choice contingency is a contingency in a real estate sales contract that protects a seller from having to sell their current home if they haven't found their next home. In Northern Virginia, our home of choice contingency is as follows: CONTINGENT ON THE SELLER PURCHASING ANOTHER HOME. This Contract is contingent on until 9pm ______ Days after the Date of Ratification ("Deadline") to allow the Seller to obtain a ratified contract to purchase another home. This contingency will terminate at the Deadline and this Contract will remain in full force and
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