Home buying contract contingencies (real estate)

Posted on January 23, 2023 by Mary Kelly

Contingencies are provisions that must be met for the home sale transaction to go through, or the buyer is entitled to walk away from the deal with their earnest money. Both buyers and seller should understand how contingencies work. Here are five of the most common contingencies: Home inspection, appraisal, financing, sale of current home, & title. See pdf file embedded below, which can be printed. (Published by Georgia REALTORS.)

5-Types-of-ContingenciesDownload

About Mary Kelly

Mary Kelly is a retired community college professor, a licensed real estate broker in the states of Florida and Georgia, and a writer. She has three masters' degrees and is an avid reader - mostly of non-fiction. Her areas of study and experience are in business, computer science, and education. She currently resides in Waycross, Georgia, and her home is truly furnished for the comfort and convenience of her dogs. She loves the outdoors and loves walking in parks along lakes and on beaches. And she is somewhat of a minimalist and doesn't value having a lot of possessions.
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