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Reset the Form INSPECTION CONTINGENCY REMOVAL PROPOSAL 1 from Buyer to Seller OR from Seller to Buyer 2 PROPERTY ADDRESS: 3 BUYER NAME(s): 4 SELLER NAME(s): 5 In accordance with the Purchase and Sale.

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CONTINGENCY: This offer is accepted contingent upon BUYER selling their real property located at (Address) (City) , with in days (contingency period) from acceptance of this offer, or any written extensions thereof signed by BUYER and SELLER.

Must a contingency be removed in writing? Yes, under the CAR purchase agreements, all contingencies must be removed in writing and signed off. Until that happens, the buyer (or seller) will retain a right to cancel based upon the open contingency.

Removing the inspection contingency means that the terms of the contract have been met and that the purchase can proceed to a successful close.

“This clause asserts that your offer is dependent on being able to secure financing. If you remove it, you may not get your deposit back if you cannot obtain a loan,” says Herman. So, if you're like most buyers and plan on financing your home purchase with a mortgage, you should never remove the financing contingency.

Removing the contingencies happen when everything agreed to comes to fruition. For example, if the seller agrees to everything on the Home Inspection Contingency, then the contingency is removed.

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.”

In California, a contingency removal form is necessary. When all contingencies have been removed, the real estate contract becomes binding. Sellers prefer purchase contracts with shorter contingency periods and fewer contingencies overall because simpler contracts make for faster closings.

“In California, a contingency is a protection for the buyer that allows them to back out for virtually any reason during a set time period. It's basically the buyer's right to be able to back out without any repercussions,” explains Aaron West, a top Modesto, California agent with 14 years of experience.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232