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What is a contingency?

I'm confused by the contingency. In general, what is a contingency? What does it do? And are there different types?

Asked by Tim | Munster, IN| 04-01-2026| 3 views|Terms & Definitions|Updated 5 days ago

Answers (1)

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Josue BriqueNovice5 Answers
Josue Brique

Wynd Realty · Atlanta, GA

A contingency is a condition that must be met for the deal to stay in place. It gives a buyer or seller a way out if something important, like financing, appraisal, or inspection, does not work out.
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04-06-2026 (10 hours ago)··
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