Real estate contracts sometimes come with contingencies. This is a part of the contract that states certain conditions or timelines are met or the seller or buyer can void the contract. The conditions or timelines can be any that both parties agree on and are put within the contract.
Contingencies usually last for a specified period. Once the contingency ends the contract could end or the contract is valid without the contingencies agreed upon.
Usually the buyer is more eager to have a contingency plan but in today’s economy and market they are more widely accepted by both sellers and buyers. Nesbitt Realty can help you with your contingencies in your contract.For more information or to set up an appointment call Julie at (703)765-0300.