Contingency Conversations – What You Need to Know
In this episode of Simply Authentic, Angie and Tonya dive into the often-overlooked world of contingency offers and contract contingencies. What exactly is a contingency? Simply put, it's a condition that must be met for a contract to move forward—meaning one thing depends on another. Over the past few years, contingency offers have been rare due to the fast-paced real estate market. Homes were selling so quickly that sellers rarely entertained offers with strings attached. But as the market shifts and slows down, contingencies are back on the table. Angie and Tonya unpack what happens when a contingency is in place, how secure a contingent contract really is, and what buyers and sellers should consider before entering into one. They also break down the built-in contingencies that already exist in standard contracts—such as financing, appraisal, and inspections—and how these clauses help protect buyers throughout the process. Whether you're a seasoned REALTOR®, a curious buyer, or a seller weighing your options, this episode will help you better understand the nuances of contingencies and how they affect a real estate transaction.
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