contingency clauses

General Real Estate Investing
1

Hi all,

Other than the ones I have listed below, what contingency clauses should be in the contract when making an offer to purchase a property?

  • Appraisal
  • Financing approval
  • Inspection (home and pest)

Also, is there a “search” feature on this website? I could not find one.

Thanks.
Bill

2

You can make a contract contingent on anything…however the more far-fetched, the less likely that it will be accepted.

Common ones are:

  • Sale of an existing home
  • Successful closing of an existing home that is “Sold”…
  • Approval by a “partner”
  • Completion of specified repairs by the seller

I’m sure others can add…

Keith