01/20/2023
💥Contingencies are specific requirements that must be met in order for a contract to become legally binding.
👉For example, if your offer to purchase a home is contingent on the sale of your current home & it does not sell in time- you are no longer able to fulfil your contract and that contingency protects your right to terminate your offer without penalty.
👉Another example is the inspection contingency- once you have paid for an inspection & reviewed the report, if you feel the home is in unsatisfactory condition, you have the right to terminate the purchase contract without penalty.
What questions can I answer for you about the home buying process? Call/text me 📲208.390.9111