Friday, January 19, 2018
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Randi F. Rainmaker
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Gooder Group
2724 Dorr Ave, Ste 103
Fairfax, Virginia 22031

Office: 703-698-7750
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What is a contingency?

Maginfying Glass
A contingency is a condition on the sale put into the contract by either the buyer or seller to smooth immediate acceptance and protect against specific eventualities. Common contingencies are that the buyer obtain financing or sell their current home, or that the seller has a home inspection done or repairs certain items. Contingencies can be removed by an addendum to the contract, or they can expire if a time limit is specified in the contract.

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