A provision or condition, written into a Real Estate offer or contract that requires the completion of a certain act or event before that contract is binding. Examples of contingencies are: obtaining financing, rezoning a property, or removing an easement.
Conditions that must be satisfied prior to completion of the sale of the property either by the buyer or seller, as subject to the sales contract. For example: the buyer obtaining a purchase money loan, property passing a physical inspection by a licensed contractor, clear title report, etc.
a home-sale agreement is often contingent on the buyer's obtaining a mortgage, and the home's passing inspections, etc.
These are conditions written into Real Estate offers and contracts to prevent a buyer from being held to buy a house that proves to be unsatisfactory for the reasons stated therein. Examples of contingencies are "This contract is subject to the buyer obtaining a satisfactory house inspection." or "Subject to the buyer being able to obtain a mortgage or to sell their present home."
Conditions, contained in the Purchase Agreement, which outline the obligations the seller and buyer must fulfill before sale of the property is completed. Can concern the results of your effort to obtain financing, an inspector's opinion of the condition of the property, etc. For instance, a sales agreement may be contingent upon the buyer obtaining financing.
Conditions contained in the Purchase Agreement, which outlines the obligations, the seller and buyer must fulfill before sale of the San Jose home is completed. Can concern the results of your effort to obtain financing, an inspector's opinion of the condition of the San Jose home, etc.
Conditions (or escape clauses) in a contract where, if the contingency is not fulfilled, the affected party may walk away from the deal.
Contingencies are conditions contained in almost all home purchase offers. The seller or buyer must meet or waive all contingencies before the deal can be closed. These conditions are related to such things as the buyer's review and approval of property inspections or the buyer's ability to get the mortgage financing that is specified in the contract.
These are conditions or "safety valves" written into real estate offers and contracts to prevent a buyer from being forced to buy a house that is unsatisfactory, either structurally or financially.Examples of contingencies are given under our section in this manual.
Conditions contained in almost all home-purchase offers. The seller or buyer must meet or waive all their respective contingencies before the deal can be closed. These conditions are related to such factors as the buyer's review and approval of property inspections or the buyer's ability to obtain the mortgage financing specified in the contract. If you're a home buyer, make absolutely certain that your offer contains a loan contingency.
Conditions (or escape clauses) that buyers put in their purchase offer and sellers add in the counter-offer so that, if the contingency isn't fulfilled, the party that made it is free to walk away from the deal.
These are conditions--or "safety valves" written into Real Estate offers and contracts to prevent a buyer from being forced to buy a house that is unsatisfactory--either structurally or financially. Examples of contingencies are "This contract is subject to the buyer obtaining a satisfactory whole house inspection." or "Subject to the buyer being able to obtain a mortgage."