When you’re working in an online document, the “undo” function can be an invaluable tool. So can a contingency clause when you’re looking to buy or sell a home. Real estate contingencies provide a way ...
QWe are in the process of selling our rental property. A buyer signed a purchase contract, using the standard regional sales contract form. Several days later, we received an addendum stating that the ...
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When is it too late to back out of buying a house?
It’s possible to back out of an accepted home offer, but there could be consequences if you don’t plan ahead carefully. Building the right contingency clauses into the contract upfront makes it much ...
QWe recently entered into a contract to buy our first house. Our contract contained two contingencies: seven days in which to obtain a satisfactory inspection of the house; and 30 days to obtain ...
When you’re shopping for a home, you might not be able to tell your chances of buying the home from the listing. That’s because properties have different listing statuses that are on a spectrum from ...
A home is listed as “active contingent” when a seller has accepted an offer from a buyer, but there are contingencies that still need to be met before the sale of the property can close. Why would a ...
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