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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What does contingency mean in real estate? In this video, I explain the term contingency in American Sign Language (ASL) to help you understand this key concept in the home-buying and selling process. A contingency is a condition that must be met for a real estate transaction to move forward. Common contingencies include home inspections, appraisals, or financing approval. Knowing how contingencies work can protect your interests during a deal. 💡 𝙒𝙝𝙮 𝙖𝙧𝙚 𝙘𝙤𝙣𝙩𝙞𝙣𝙜𝙚𝙣𝙘𝙞𝙚𝙨 𝙞𝙢𝙥�
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