Redfin
JULY 15, 2025
Buying a home is a big deal, and you want to make sure it’s perfect before you sign. One way to do this is with a home sale contingency. Essentially, contingencies make sure all your conditions are met before actually buying the home, but we’ll break down contingencies more in this article.
Redfin
JUNE 11, 2025
In real estate, contingencies are conditions included in a purchase agreement that must be met for the transaction to move forward. Although not required, contingencies are standard in most real estate contracts – and some are especially important depending on where you’re buying.
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Redfin
JULY 16, 2025
Key takeaway: Once a home is under contract, the seller is legally bound to the agreement and cannot accept another offer – unless specific clauses or contingencies allow it. Once both parties have signed a legally binding purchase agreement , the seller is obligated to uphold its terms. Generally, no.
Rochester Real Estate
NOVEMBER 5, 2015
(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. The Essentials of Home Deposits When you make an offer on a house , you want the seller to take their property off the market. This isn’t without risk for the seller, and to show you are serious about the purchase, a good faith house deposit is required.
Realty Biz
JULY 17, 2022
Kick-Out Clause vs. Home Sale Contingency. When the real estate market favors sellers home sale contingencies almost become extinct. In hot markets there would never be a need for a seller to even considered a home sale clause. However, there is one alternative that will become more popular.
HomeLight
MARCH 20, 2023
That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. At the same time, it usually does not make sense for buyers to sell their home without having a new one lined up to move into. Most often, this type of scenario calls for a home sale contingency.
HomeLight
MARCH 31, 2022
But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. What is a contingency clause? Let’s begin by looking at the “what” and “why” of contingency clauses. “You
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