What Is a Home Sale Contingency?
HomeLight
MARCH 20, 2023
Financing Contingency: If the buyer’s mortgage proceedings fall through, they can walk away from the home. Appraisal Contingency: If the appraisal fails to meet or exceed the purchase price, the buyer can back out of the contract (or, more often, renegotiate the purchase price). Offer to pay the seller’s closing costs.
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