TOCR Real Estate SchoolFeb 17, 20221 minAppraisal ContingencyAn appraisal contingency states that a satisfactory home appraisal must be completed. This clause protects both the buyer and the lender...
TOCR Real Estate SchoolFeb 16, 20221 minInspection ContingencyAn inspection contingency sets a window of time in which a buyer must complete a home inspection. This helps to ensure that there are no...
TOCR Real Estate SchoolFeb 15, 20221 minMortgage Contingency A mortgage contingency is a type of contingency in a real estate contract that requires a buyer to secure financing within a specified...
TOCR Real Estate SchoolFeb 14, 20221 minContingencies in Real EstateWhat are contingencies in real estate and why are they so important? A contingency can best be defined as a clause in a formal real...