Buyer Tips | What is a Contingency?

So you got an offer (score!), but it has a contingency (hmm..). Here's what you need know:⁣



• First, cheer up! A buyer loves your home—so much so that⁣

he or she put in an offer (seriously, they really like it!).⁣


• There's just one little catch (AKA the contingency). In order⁣

to buy your home, the buyer wants—or needs—something⁣

else to happen—like their financing to come through, the⁣

inspection to come back clean, the appraisal to prove⁣

worthy, or their current home to sell.⁣


• As long as the contingencies are met within the given⁣

timeframe (usually 60 days)—the deal is as good as⁣

done. ⁣

When you get an offer with a contingency, talk it over with your realtor to make sure it works for you. If the market is hot, keep in mind another offer without a contingency may be just around the corner. ⁣


Are you thinking of selling sometime in 2021? I'd love to work with you—send me a message or reach out today!⁣


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