Contingencies in Real Estate Transactions: What You Need to Know as the Seller
By Christophe Choo Posted Mar 15, 2023 Beverly Hills, Latest Updates, Market Activity, Real Estate News, Videos
Contingencies in Real Estate Transactions: What You Need to Know as the Seller |
Are you considering selling a property in Los Angeles or Beverly Hills? Here are the common contingencies you need to be aware of as a seller.
1. The first one is inspections, where the buyer has the right to inspect the property.
2. The second one is the loan contingency, which ensures that the buyer is fully approved for the loan.
3. The third one is an appraisal contingency, which ensures that the property’s value is appraised.
4. Lastly, there’s the title contingency, which ensures that the seller can provide a free and clear title to the buyer.
Keep these contingencies in mind to ensure a smooth transaction in the Los Angeles real estate market.
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