Consider Contingencies

Consider including contingencies in your offer, such as a home inspection contingency, which gives you the option to back out of the sale if the property does not meet your expectations.

Home inspection contingency:

A home inspection contingency gives you the option to back out of the sale if the property does not meet your expectations after a thorough inspection.

Financing contingency:

A financing contingency protects you in the event that you are unable to secure financing for the property.

Appraisal contingency:

An appraisal contingency ensures that the property is appraised at or above the agreed-upon purchase price, and gives you the option to back out of the sale if it is not.

Title contingency:

A title contingency protects you by ensuring that the seller has clear title to the property, and gives you the option to back out of the sale if any issues with the title are discovered.

Consider Contingencies Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…