From trapeze artists to baseball spectators seated behind home plate, everyone appreciates a good safety net. Homebuyers and sellers are no exception, which is why contingency clauses continue to be ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a ...

Sellers don't like offers that are contingent upon the sale of the buyers' home. Buyers don't like to make offers on homes that are contingent upon the sellers' finding a replacement home. The reason ...

In real estate transactions, the term “contingency” comes up a lot. Why do you hear it so often, and what does it mean? A contingency is a clause added to the contract to give the parties the option ...

With any luck, the time between making an offer and closing on a house will be smooth sailing. However, there are plenty of things that could go wrong, big or small. That’s why many buyers include ...

Q. My husband and I recently bought a house (which is not built yet) in Texas. At the time we signed the contract, the builder asked us to put down $500 earnest money and $5,000 for an additional ...

Scott Mollen discusses "Mason v. Pembroke NY," where a purchaser breached contract by failing to comply with mortgage contingency clause in applying for a larger mortgage than permitted by the clause, ...

In very hot real estate markets, offers made contingent on the sale of another property usually don't go very far. When sellers have multiple offers to choose from, they usually go with offers from ...

QWe are in the process of selling our rental property. A buyer signed a purchase contract, using the standard regional sales contract form. Several days later, we received an addendum stating that the ...