12 Common Contingencies That Buyers Might Consider Putting Into Their Offer To Purchase

  1. Mortgage contingencies
  2. Home inspections contingencies
  3. Environmental contingencies
  4. Lead Paint contingencies
  5. Termite inspection contingencies
  6. Appraisal contingencies
  7. Attorney contingencies
  8. Home sale contingencies
  9. Home close contingencies
  10. If purchase is an attached single family home, townhome or condominium…common contract clauses may include
  11. Contingency to review covenants and restrictions of association, Financial review of association budget, Contingency to review association documents and bylaws
  12. Title inspection contingency
  13. Final construction approval (new homes)
  14. Insurance contingency
  15. Most of these contingencies are covered in the purchase agreement used by the State of Texas, but not as common for buyers and seller coming from outside the state.

The above checklist is for informational purposes only & is not a substitute for legal, tax or other professional assistance.