Pam Mitchell - Realtor

📚 Definition time! Today’s lexicon is “contingencies.”

According to investopedia.com, a contingency (or contingency clause) is a condition or action that must be met for a real estate contract to become binding. Several contingencies can be placed on an agreement that represents various conditions, such as an appraisal contingency. Oftentimes, these can also be negotiated.

The biggest piece of advice? When receiving the final contract, make sure to review and understand everything — paying attention to details and deadlines. And if you have a professional real estate agent by your side, the process can be much less overwhelming! 🙌