Contingency Clauses: Your Deal’s Safety Net

A contingency clause is like a safety net in your contract — it lets you walk away or renegotiate if certain conditions aren’t met, without automatically breaking the deal.

Common types:

• Financing

• Inspection

• Appraisal

• Sale of current home

Without a contingency, you might be locked into terms even if financing falls through or the inspection reveals issues. Deadlines and clear wording are key.

When divorce is involved, contingencies can become even more complex, requiring careful negotiation and coordination.

If you’re a consumer: Soon, you’ll be able to use our interactive map to find a REALTOR® trained to handle complex transactions. If you’re a REALTOR®: Want to be on that map? Contact me for training.