Wednesday, March 5, 2025 / by Matthew Daniel Tamburello
HomeSellers, HomeBuyers & Investors: Common Contingencies in Real Estate Contracts!
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
Chances are that you came across this article because you are looking to buy a home and/or potentially sell your home. In this article, we will provide an overview of what contingency clauses are in real estate contracts, what common contingencies are and what they mean for you. We will also explore some things that you should be keeping in mind when asking for contingencies and negotiating over contingencies in real estate contracts.
If you are signing a real estate contract if you are selling or buying property, you must understand what contingency clauses are, why contingency clauses are important, and how contingency clauses could affect you.
How do real estate transactions work?
Real estate transactions usually begin with an offer. A buyer usually presents documents, an Agreement of Purchase and Sale (APS) that is intended to demo. ...