top of page
Search

What is a Home Sale Contingency?

A home sale contingency is for a buyer to indicate to a seller that part of their condition to purchase the seller’s property relies on the buyer’s ability to finalize a close on their current property. This is often negotiated with a clause in a contract or with an addendum to a contract. An example of how such a contingency can be used would be if a buyer needs to sell their property in order to have the down payment required on the purchase of the new property, or would rather use their sale proceeds instead of their savings to make the down payment.


Depending on the market, it could hamper negotiations with a seller when a contingency is part of the picture.


Considering a career in real estate? Check out our upcoming pre-licensing courses here: tocrres.com/register





9 views2 comments

Recent Posts

See All

Real Estate Pre-Licensing Courses Available Now

Kathleen, thank you for your testimonial! Begin your career in real estate by signing up for one of our upcoming pre-licensing courses here: tocrres.com/register #RealEstate #NewCareer

2 Comments


Kiter Peter
Kiter Peter
Mar 13, 2023

Perfect words describing the meaning in a awesome way.

For more click here https://bestjunkremovalusa.com/jands/best-junk-car-buyers-in-oklahoma-city to get information about Best Junk Car Buyers in Oklahoma City.

Like

jone martin
jone martin
Mar 13, 2023

One form of condition that is typically seen in a real estate sales contract or an agreement to buy real estate is a home selling contingency.


Visit website link https://bestbookkeepingservicesusa.com Ultimate Bookkeeping Companies List in USA

Like
bottom of page