Contingencies are conditions that must be met for a sale to proceed — such as financing approval, inspections, or appraisal results. They protect buyers by allowing them to withdraw or renegotiate if certain criteria aren’t satisfied. Once all contingencies are cleared, the transaction moves toward

An appraisal determines market value for the lender, ensuring the property is worth the loan amount. A home inspection, on the other hand, evaluates the home’s physical condition for the buyer’s knowledge. Both are essential — one protects the lender’s investment, the other protects the buyer’s. Tog

An escalation clause automatically increases your offer up to a maximum amount if another buyer submits a higher bid. It’s a strategic way to stay competitive without overpaying upfront. However, it should be used carefully, with clear limits and lender verification. An experienced agent ensures the