Your Earnest Money Is on the Line—Here’s Why Contingencies Matter

When you’re ready to make an offer on a home, contingencies are extremely important. They provide you, as the buyer, with specific protections and an opportunity to withdraw from the transaction if certain conditions outlined in the agreement are not met or approved by you.

Contingencies may include items such as inspections, financing, appraisal, title, and other conditions agreed upon in the purchase and sale agreement. When properly exercised according to the terms and timelines of the agreement, certain contingencies may allow you to terminate the transaction and have your earnest money returned.

Your earnest money is an important part of the offer, so understanding the contingencies, deadlines, and requirements that can protect your deposit is essential. As your real estate agent, I will help you understand these provisions and make sure you are aware of the important deadlines throughout the transaction.