clauses: What is a Contingency when buying a house?
- 03/14/19 03:20 AM
You've probably heard that phrase more than once. A contingency is like having a "what if scenario": What if I made an offer and my other house doesn't sell, I can't afford 2 mortgage payments? What if the house doesn't appraise for the contract price? What if I find out there is a leak in the foundation after I've already signed the contract? What if the interest rate goes higher than I can afford Don't panic... That's what a contingency is for. It is a clause in the contract that says if for example You find out the house is really a money (0 comments)