Real Estate Contract With Contingency
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Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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FAQ
Think of a contingency as an if-then proposition. For example: If I'm able to sell my current home, then I'll buy yours. Knowing common contingencies prepares you to make a competitive homebuying offer that protects your interests and entices sellers.
For example, a real estate contingency cannot simply say the property needs to be improved. There is no way to prove when this condition is met from a legal standpoint. Instead, a contingency could be that the property will be sold if the seller repairs the leaky pipes before closing.
An example of a contingency is the unexpected need for a bandage on a hike. The definition of a contingency is something that depends on something else in order to happen. An example of contingency is a military strategy that can't go forward until an earlier piece of the war plan is complete.
Make an Offer Like a Boss#1 Know Your Limits. Your agent will help you craft a winning offer.#2 Learn to Speak "Contract"#3 Set Your Price.#4 Figure Out Your Down Payment.#5 Show the Seller You're Serious: Make a Deposit.#6 Review the Contingency Plans.#7 Read the Fine Print About the Property.#8 Make a Date to Settle.More items...
A contingency clause often states that your offer to buy property is contingent upon X,Y, & Z. For example, the contingency clause may state, The buyer's obligation to purchase the real property is contingent upon the property appraising for a price at or above the contract purchase price.