A contingency in a real estate contract can allow a buyer to back out of a deal without penalty if certain conditions aren’t met before closing. Contingencies can reduce risks for buyers ...

A contingency reserve is a budget set aside for unexpected costs during a project. Learn why a contingency reserve is ...

There also may be legal and financial consequences to canceling a real estate contract. For instance, you risk losing your earnest money unless there are contingencies in place that protect you.

A HOME INSPECTION IS TRADITIONALLY A KEY PART OF THE HOME BUYING PROCESS, BUT A FEBRUARY 2022 SURVEY BY THE NATIONAL ASSOCIATION OF REALTORS FOUND ...