Contingencies are pretty much across the board protections for both the buyer and seller. Contingencies are great things to know to either protect your earnest deposit (a thing of value, usually money) as a homebuyer or on the other end being able to collect the earnest money if the buyer cannot fulfill their duties of the contract for the seller and collect damages. Either way, it's good to know your contractural obligations and "outs."
We referenced the last episode in this podcast about the rising interest rate and affordability, so if you haven't watched it yet, go check it out:
Episode 60- https://youtu.be/4OfHNJaNHRc
Do you have questions for us? Let us know:
Tom Krieger- Tom@thetjkteam.com | 520.907.5305
Joe Brown- Marketing@thetjkteam.com
Do you have questions, comments or topics that you would like us to cover? Reach out to us: podcast@thetjkteam.com
www.thetjkteam.com
Keller Williams Southern Arizona
1745 E River Rd #245
Tucson, AZ 85718
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