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Contract Contingencies
I would say that most people who have gone through the real estate purchasing process are familiar with purchasing contingencies. Ā They find their ādream propertyā and make an offer to purchase. Ā If they are replacing their existing home they will typically want to make the purchase IF their current house sells. Ā So they put a contingency into the contract that allows them to back out of the contract if their house does not sell. Ā Sometimes there is a contingency for finan