How to use contingency clauses in real estate transactions. | Elite Realty Group Morristown TN posted on the topic | LinkedIn
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Let’s talk contingencies! In real estate, a contingency is a clause in your contract that protects you if either party can’t meet their obligations. One of the most common? A financing contingency — which gives buyers an out (and their deposit back) if they can’t secure a mortgage for a legitimate, documented reason. Sometimes buyers choose to waive certain contingencies to strengthen their offer, and sometimes sellers only want contingency-free offers. That’s why having a strong team matters —
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FacebookMarciano Team at Keller Williams NY Realty
Many people don't understand contingencies in real estate contracts. A contingency is a clause specifying an action or requirement that must be met before the contract becomes final. Financial contingencies, related to how you'll pay, are common. #RealEstate #Contingency #Contracts #Finance #Mortgage | Elite Realty Group | Facebook
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