🏡 What is a Contingency in Real Estate? | Understanding Common Contingencies in DC #RealEstateTips
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🏡 What is a Contingency in Real Estate? | Understanding Common Contingencies in DC #RealEstateTips
In real estate, a contingency is a clause in a contract that gives the buyer an option to back out of the deal under certain conditions. Let’s break it down: 💳 Finance Contingency: If the buyer’s loan gets denied, they can cancel the contract without penalties. 🛠 Home Inspection Contingency: If the home inspection reveals significant ...
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