contract contingencies: What does my agent mean? Contract Contingencies?
- 10/28/13 03:48 AM
If you’ve entered into a purchase on a home, you may be wondering what are these contract contingencies my agent keeps talking about? Very simply, it’s an uncertain condition that has to be met or you may cancel your contract.
You have several contract contingencies in your home purchase contract if you are using a California Realtor®. There are appraisal contingencies, loan contingencies, inspection contingencies, HOA contingencies as well as disclosure contingencies, among others. These are meant to protect you should conditions arise that you didn’t expect. In that case, you could cancel the contract and receive your deposit back. … (0 comments)
If you’ve entered into a purchase on a home, you may be wondering what are these contract contingencies my agent keeps talking about? Very simply, it’s an uncertain condition that has to be met or you may cancel your contract.
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