Home Offer Terms & Contingencies

A longer escrow means the buyer and seller agree to allow more time between offer acceptance and the scheduled closing date. For a homeowner asking what does a longer escrow…

An inspection contingency gives a buyer time to investigate the property and retain contractual rights based on what those investigations reveal. For a home seller, the contingency matters because the…

An appraisal contingency is a provision in a purchase agreement that gives the buyer contractual protection if the property does not appraise at the value required by the agreement. For…

A financing contingency is a provision in a purchase agreement that protects a buyer if the buyer cannot obtain the financing required to complete the purchase under the terms of…

When a buyer waives a contingency, the buyer gives up a contractual protection that would otherwise apply to a specific part of the purchase. For the seller, that can reduce…

An offer contingency is a condition in the purchase agreement that gives a buyer a contractual right tied to a specific event, review, or outcome. For a home seller, a…

There is no single earnest money amount that every buyer should deposit. For sellers asking how much earnest money should a buyer deposit, the amount should be evaluated in relation…

When a buyer submits an offer on a home, the proposed deposit is one of the terms a seller may want to understand before making a decision. For homeowners asking…