What Are Contingencies in a Home Purchase?

Contingencies are conditions in your purchase contract that must be met for the sale to move forward. They give buyers protected windows to investigate the home and their financing.

Inspection Contingency

This gives you time to inspect the property and request repairs, a credit, or to cancel if something serious turns up.

Appraisal Contingency

If the home appraises below the agreed price, this contingency lets you renegotiate or walk away rather than cover the gap.

Loan Contingency

This protects you if your financing falls through, so you're not forced to buy without an approved loan.

Removing Contingencies

As each condition is satisfied, you remove that contingency in writing. Once removed, your deposit is more firmly committed to the deal.

Let's Structure Your Offer

Reach out and I'll help you use contingencies wisely, protecting you while keeping your offer competitive in San Diego's market.