06/09/2026
Real Estate Term: Contingencies
Contingencies are conditions written into an offer that must be satisfied before the sale becomes firm. Common examples include financing, inspection, document review, or the sale of another property.
This matters because contingencies help protect the parties involved, especially when more information is needed before making a final commitment. They are one of the ways buyers can reduce risk while still moving forward with a property they want.
The key is not just adding conditions. It is understanding which ones are important, how they are written, and what needs to happen for them to be removed properly.