Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

FAQ: What Are Home Purchase Contract Contingencies?

If you're buying or selling a home in the Cincinnati Ohio area, chances are the purchase offer will be written on a Cincinnati Area Board of Realtors standard contract.   It's written originally by real estate attorneys and there are blank spots for your agent to fill in key terms such as:
Offer price
Closing dates
Time frames
Contingencies
Now contingencies in the purchase contract fall into two categories:
Those built into the contract are standard language and cover critical aspects such as financing, inspection, appraisal & HOA review.
It's also possible to write in additional contingencies, but they need to be carefully constructed to be very clear (and may even necessitate having help from a real estate attorney). 
Common contingencies added might relate to:
The buyer's need to COMPLETE the sale of their home (they're already under contract) The buyer's need to SELL their home (they're still looking for that buyer) The buyer having a satisfactory showing within X days of contract acceptance (useful when the buyer has only seen the home via a Skype showing or a spouse is out of town and not coming in until a suitable home has been identified) Like other terms in a contract, contingencies are negotiable and just adding them to the contract ... more

__________________________________________________
Are you on The Rain? Grow Your Network!