Understanding Contingencies in Your Purchase Contract

A real estate contract can look intimidating, but one section you’ll want to pay close attention to is the contingencies — your built-in safety nets.

Contingencies outline conditions that must be met for the sale to go through. The three most common in Cincinnati home purchases are:

1. Financing Contingency — ensures your mortgage is approved before you’re obligated to close.

2. Inspection Contingency — gives you time to assess the property’s condition and request repairs.

3. Appraisal Contingency — protects you if the home’s value doesn’t match your offer price.

Contingencies don’t exist to slow you down — they exist to protect your investment. But too many can weaken your offer in a competitive market. That’s where guidance matters. Knowing which contingencies to keep and which to adjust can make your bid both strong and secure.

With an experienced Cincinnati agent on your side, you can strike the perfect balance between safety and strategy.

Presented by Tanya Roesel, Comey & Shepherd Realtors 513-678-5001 | tanya.roesel@comey.com#CincinnatiHomes #RealEstateAdvice #CincyLiving #HomeBuyingJourney #OhioRealEstate