A contingency is a condition in a contract that must be met for the sale to proceed, such as a financing, inspection, or appraisal contingency. Contingencies protect buyers but can impact the timeline and certainty of your sale. Understanding common contingencies helps you negotiate effectively and manage expectations. Some sellers may prefer offers with fewer contingencies, as they are often less risky and can close more quickly. Working with your agent ensures you respond strategically to each offer.
