02/10/2026
Real estate contracts might seem full of fine print—but understanding a few key terms can save you money, stress, and headaches down the line.
Here’s what to know before you sign:
✔ Contingencies: Protect your right to walk away if financing, inspections, or appraisals don’t go as planned.
✔ Earnest Money Deposit (EMD): A good-faith deposit that shows you’re serious—and can be refunded or forfeited depending on how the deal unfolds.
✔ Purchase Price & Financing: How much you’re paying, how you’re paying, and when.
✔ Closing & Possession: When keys change hands—and whether the seller stays for a while or you move in immediately.
✔ Repair Requests & Credits: Negotiations that happen after the inspection can make or break a deal.
Knowing these terms helps you negotiate confidently and avoid surprises at the closing table.
Questions about your contract? Let's walk through every step!
