Real estate is notorious for having jargon that can be baffling to anyone outside the industry. One very common topic that comes up when buying or selling homes is real estate contingencies. These important provisions of a contract provide terms that can be crucial to protecting the interests of both the buyers and the sellers. This article will explain not only what they are, but also will detail common real estate contingencies, how they are used, and important strategic considerations related to them. Although focused on California real estate, much of the content here will be relevant to buyers and sellers throughout the country.
