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Alright!, so as I stated earlier when in the video talking about making an offer, I put
in things called contingencies. Contingencies are in place in case we need the back out of the
offer for some reason. So the 2 major ones that I'm gonna address are the financing contingency
and the inspection contingency. So with financing, that's basically stating, "Hey, if for some reason
you can't get a loan in the end of the process, you can't get your loan you can back out and
still get your earnest money back." So you're not losing anything, you're not risking anything.
The other big one is the inspection. Inspection basically says if for some reason, you find
something major that's wrong with the house you can back out. So, I'm gonna go a little
bit more in depth about the inspection contingency but those are the basic idea.