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Tag: Contingency

Posted on 10/03/2021
Can Contingencies Benefit Sellers?
Contingency clauses in a real estate contract typically come from the buyer. However, there are some contingencies sellers can use in a sale negotiation as well. While they’re less common, knowing the basics can help in selling your home. Here are the main contingencies every seller should know: Kick-Out Clause A kick-out clause is a useful balance to...
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Posted on 06/06/2021
Timing Your Sale with Your Purchase
Photo by DraganCFM via Shutterstock It’s always a quandary: can I buy my new home and sell my old house so that the timing of both matches? Well, yes! There are several ways to do this. Here’s a breakdown of how it can work. Buy a Home on a Contingency. Just what is a contingency? It’s an agreement...
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Posted on 10/18/2020
Contract Contingencies in Florida
Photo by Cytonn Photography from Pexels When you buy and sell real estate in Florida, your real estate agent probably uses the FAR/BAR “as is” contract. The contract has five contingencies, or exceptions, that protect the buyer. A buyer or seller can also add their own contingencies. To have a valid contract, the buyer must put down “consideration,”...
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