A Contingent Offer to purchase real estate contains contingencies that must be met prior to closing the sale. There are a variety of contingencies that can be added to a purchase agreement. Common ones include:
- Buyer’s sale of another property
- Satisfactory inspection of the home
- Buyer’s ability to obtain financing
- Release of liens
- Bank approval of the offer
- Court approval of the offer
- Zoning or other development-related approvals