The purchase offer may include contingencies in addition to the amount of money that you are proposing to pay for the property. Contingencies are conditional events which must happen in order for the buyer and seller to conclude the transaction. All details of the contingencies should be listed in written form on the purchase offer. Some typical contingencies include:

• The buyer’s ability to get a specific type, amount and rate of financing.

• The buyer’s ability to complete the sale of a present home before a certain date.

• The seller’s agreement to let the buyer move in prior to closing.

• The seller’s agreement to make certain repairs.

• The items of personal property which may stay or go.

• Appliances

• Window coverings

• Ceiling fan(s)

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