ClickCease

What Is a Financing Contingency?

What Is a Financing Contingency?

 

Today we’re going to talk all about financing contingencies. We’ll look at what they are, how they affect the transaction, and what can be done about them.

 

A financing contingency is a clause in a home purchase agreement that gives the buyers an opportunity to back out of the agreement if they don’t qualify for financing. A lot of things can affect a buyer’s ability to obtain financing, including excess debt and low credit.

 

You can’t get around a financing contingency.

 

How can you get around these contingencies? You can’t. Virtually 100% of the purchase agreements we see have that contingency in place. However, when our team buys a property, we don’t have a financing contingency and can buy the home free and clear.

 

If you have any questions for me about financing contingencies or anything else related to real estate, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

To get a Free Home Valuation and Consultation, fill out this form, or give our office a call today! (763) 503-0123

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

What Do You Have To Lose? Get Started Now...

We buy houses in ANY CONDITION in Minnesota. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (763) 503-0123...
  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *