What is the Inspection Contingency in a California real estate? In the context of real estate contracts and purchase agreements, a California home inspection contingency allows buyers to back out of the transaction based on the inspector's findings. It can also prevent the buyer from losing their earnest money deposit, and that's an important component. In California, the default contingency period is set for 17 days, although it can be shortened or waived to make an offer stand out in a multipl
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What does contingency mean in real estate? In this video, I explain the term contingency in American Sign Language (ASL) to help you understand this key concept in the home-buying and selling process. A contingency is a condition that must be met for a real estate transaction to move forward. Common contingencies include home inspections, appraisals, or financing approval. Knowing how contingencies work can protect your interests during a deal. 💡 𝙒𝙝𝙮 𝙖𝙧𝙚 𝙘𝙤𝙣𝙩𝙞𝙣𝙜𝙚𝙣𝙘𝙞𝙚𝙨 𝙞𝙢𝙥�
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