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Purchase Offer Contingencies

Purchase Offer Contingencies. What Is a Contingency…. dependence on chance or on the fulfillment of a condition; uncertainty; fortuitousness a contingent  event; a chance, accident, or possibility conditional on something uncertain. IF. IF. IF. IF. IF.

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Purchase Offer Contingencies

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  1. Purchase Offer Contingencies

  2. What Is a Contingency… dependence on chance or on the fulfillment of a condition; uncertainty; fortuitousness a contingent  event; a chance, accident, or possibility conditional on something uncertain IF IF IF IF IF

  3. Common “Condition Of The Home” Contingencies • Home Inspection • Pest & Wood Destroying Pest Inspection • Lead-Based Paint • Asbestos • Well & Sewage Inspections

  4. Common “Condition Of The Home” Contingencies • Roof Inspection • Mold & Fungus • Title Report • Radon • Statutory Disclosures House Title

  5. Common “Conditions Of Finance” Contingencies • Appraisal • Obtaining a Loan • Selling Your Existing Home • Homeowner Association Disclosures H.O.A. Disclosures

  6. Assuring You Get The Safest & Best Deal CONTINGENCIES • Condition of the Home Contingencies are generally not an issue with the seller • Condition of the Home Contingencies can also usually be negotiated • Funding/Banking Contingencies may or may not be deal breakers depending upon: • Current Market Conditions • Number of other buyers interested • If there are other Purchase Offers

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