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 ...

They are two of the most common little words in the English language – if and when – but they can mean a lot to subcontractors in terms of bringing in precious revenue. The existence of “pay-when-paid ...

We have had our home on the market for three months, and finally received an offer last week. The contract includes a “loan contingency” clause that says the buyer can cancel the deal if he cannot get ...

Contingent payment clauses are often used in connection with contracts between general contractors and subcontractors or subcontractors and lower tiered subcontractors. Essentially, this type of ...

Home sellers and their real estate agents know we are in a buyer`s market, which means there are more sellers than buyers, so sellers can`t be too fussy. However, smart home sellers shouldn`t allow ...

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 ...

Q My husband and I are determined to buy a small home. But our problem is we know nothing about home-buying as our parents have always lived in rented apartments. My questions are how to be sure we ...

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 ...

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 ...

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 ...