What is a contingency in real estate
Channel: Ashley Palmer, REALTOR
Date: 2018-11-07

This video will define what exactly a contingency is, how a home’s status changes once a contingent offer is accepted, and a recommendation of a few important contingencies to consider as part of your offer.

For any big purchase in life, working without a safety net can be a risky, especially when hundreds of thousands of dollars are on the line. When making an offer to purchase a home, you have the opportunity to protect yourself from the unexpected in a home transaction, and to ensure you’re getting what you’re paying for. 

Here are some different Contingencies for Buyers to Consider: 

Mortgage Financing Contingency
Home Inspection Clause
Contingencies for Additional Specialists and Tests
Attorney Review Contingency
Buyer’s Home Sale Contingency
Appraisal Contingency

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These videos are inspired by: Karin Carr https://www.youtube.com/channel/UC3W4Y2AE3dGGtOJhjRVSLiw

If you want to talk to me about Charlottesville real estate  feel free to call me at (434) 260-8222 or email me at ashleytowncville@gmail.com.


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