What Does Contingency Mean in Real Estate?

Posted By Gracen Tilton @ Jun 8th 2023 11:54am In: Charleston SC Real Estate

Every home sale is dependent upon certain contingencies. They can make or break a real estate sale, but what exactly is a contingent offer?

A contingency in a deal means there’s something the buyer has to do for the process to go forward, whether that’s getting approved for a loan or selling a property they own. 

If the buyer is having trouble getting a mortgage, or the home appraisal is too low, a contingency clause means that the contract can be broken with no penalty or loss of earnest money to the buyer or seller.


Gracen Tilton | Marshall Walker Real Estate | 582 Rutledge Avenue | operations@marshallwalker.com | 803-549-6318 

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