What is a contingency in a real estate contract? - A contingency in a real estate contract is a crucial condition that must be met for the sale to proceed. Think of it as a safety net for both buyers and sellers, offering protection and flexibility. Common contingencies include the home inspection, which allows buyers to back out if there are major issues with the property, and the financing contingency, which protects the buyer if they can't secure a mortgage. Another important one is the appra
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