Redfin

AUGUST 5, 2025

Here are the most common contingency clauses that a buyer may include in an offer to allow them to break their contract and walk away from the deal without losing their earnest money: Inspection contingency: This protects a buyer against purchasing a home that is revealed to be in poor condition or requires major repairs.

Earnest money deposit

Realty Biz

JULY 1, 2023

Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount. This involves conducting a thorough title search, which examines public records to verify the property's ownership history and identify any potential liens, encumbrances, or legal issues.

Purchase and sale agreement

HomeLight

MARCH 13, 2023

Save money on closing costs and other fees: Although you’ll probably give a discount by selling to a cash buyer, you’ll save on various costs that cut into your profit with a traditional sale such as real estate agent commission of 5% to 6%. to 3% of the sale price in Orlando. An investor is simply there to make a return on investment.

Sales

HomeLight

NOVEMBER 21, 2022

If there’s a home sale contingency , contact the agent selling the home to see where they are in the process. Since South Carolina is not a “ Caveat Emptor ” or “buyer beware” state, a residential property seller is generally required to disclose the condition of the home to the buyer. See the next step!).

Purchase and sale agreement

HomeLight

JUNE 30, 2021

We’re bound by a certain code of ethics that really governs everything that we do and is designed to protect our clients and to put our clients first.”. An appraisal contingency allows the homebuyer to back out of the contract if the purchase price is more than the appraised value. Home sale contingency.

Purchase and sale agreement