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What's a Contingency? (And Why It Protects You)
One word you will hear a lot when buying: contingency, simply a built-in safety net in your offer. The big three: the inspection contingency lets you renegotiate or walk if something serious turns up, the appraisal contingency protects you if the home appraises low, and the loan contingency protects you if financing falls through. They are not ...
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