So you’re preparing to buy or sell. That’s great news! Hopefully you have been reading this blog for all of the best advice (as well as using your Nothnagle agent)! As you go through the process you will hear many many terms. Some old and some new. One that you may hear will be “contingency.” But what is it? That’s why we are here!
The simplest way to put it; a contingency is when you make an offer but under a condition. You know, like you did when you were younger (or even now too!) “Sure, I would love to come over! That is as long as you are serving ice cream!”