Common Contingencies
- Financing: Protects you if your loan falls through — with strong pre-approval, you can proceed with confidence
- Inspection: Right to back out or renegotiate based on findings
- Appraisal: Protection if home appraises below purchase price
- Sale: For move-up buyers contingent on selling current home
Knowing when to include vs waive contingencies is a strategic decision. A strong pre-approval reduces the need for a financing contingency in competitive situations.
