Contingencies when selling explained
Contingencies protect buyers and lenders. You protect your net by setting clean timelines and understanding which terms carry the most risk.
The big three
- Inspection Buyer can request repairs or cancel within a set period.
- Appraisal Home value must support the loan amount.
- Financing Buyer must secure final loan approval on time.
How to reduce risk
- Short, realistic timelines with proof of progress.
- Earnest money that signals commitment.
- Pre listing inspection for older homes to limit surprises.
When to say yes
- Terms match your timing and you have a clear plan for next housing.
- Buyer strength and communication are strong.
- The full package is cleaner than other interest.