Radio Show: Home buyers and sellers need to familiarize themselves with contingency clauses. They are not only used to protect you, however they can be used as good negotiations tool. Using them as negotiations tool is a skill I use to effectively negotiate the terms and sometime price of the home. Other times, they are just used to protect buyer or seller interests. A contingency is a future event or circumstance that is possible but cannot be predicted with certainty. I look at contingency as a condition in a real estate contract. Typically when you buy goods from a store, you get 30 day money back guaranty. It is difficult to return a house and you get time before you commit to evaluate the home and to make sure it fits all your needs and wants.
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