06/07/2026
🏡 What Are Contingencies and Why Are They Important?
Contingencies are conditions in a purchase contract that must be met before a home sale can move forward. They help protect buyers by allowing time to evaluate the property, secure financing, and confirm the home’s value.
Common contingencies include:
✔️ Inspection Contingency – Allows buyers to inspect the property and negotiate repairs or credits if needed.
✔️ Appraisal Contingency – Ensures the home appraises at or above the purchase price.
✔️ Loan Contingency – Protects buyers if financing cannot be obtained.
✔️ Home Sale Contingency – Requires the buyer’s current home to sell before completing the purchase.
Why do they matter?
Contingencies help reduce risk, protect the buyer’s earnest money deposit, and provide peace of mind during the home-buying process.
Feel free to reach out if you have questions or are ready to make your next move!
Manpreet Gill
DRE #02218680
Cen Cal RE Pros
📍 Fresno | Clovis | Madera
📞 559-770-0449