Under Contract vs. Pending Sale in Real Estate Transactions
Realty Biz
JULY 25, 2023
Besides a home inspection contingency, some common contingencies include: Appraisal contingency: This contingency allows the buyer to back out of the sale if the property doesn't appraise for the agreed-upon price. For example, if the buyer is unable to get financing, the seller can back out of the sale.
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