It is common practice when purchasing a single-family home to include a physical-inspection contingency in the purchase agreement. A contingency is a condition of the purchase. The physical-inspection ...

Also called a "due diligence contingency," an inspection contingency allows the buyer to have a property they're interested in buying inspected by an expert within a certain time frame, generally five ...

Buying a home is exciting, but you might be concerned about making an offer only to find out the home needs costly repairs and isn’t worth the price. It’s impossible to know a home’s true value until ...

When buying a home, it’s important to know your rights as a buyer. Home purchase agreements are legally binding and require you to follow through on your offer to purchase a home. However, ...

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants, ...

In real estate transactions, the term “contingency” comes up a lot. Why do you hear it so often, and what does it mean? A contingency is a clause added to the contract to give the parties the option ...

Contingency clauses are protections homebuyers can include in their purchase contracts. They offer buyers a way to back out of the deal if certain conditions aren't met. Inspection, appraisal, ...