Tag Archive for: Contingencies

What Does Contingent Mean in Real Estate? (2026 Guide)

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In real estate, "contingent" refers to a status that indicates a property is under contract with a buyer, but the final sale is dependent on certain conditions or 'contingencies' being met. These contingencies, often also referred to as conditions, are terms set out in the purchase agreement that must be fulfilled for the transaction to proceed to closing.Read More

Can’t Waive Contingencies For Condos – Or Give Fast Answers

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In December, I wrote these two blogs: Can’t Waive Contingencies For Condos and Have A Condo Listing? What Listing Agents Can Do To Ensure Faster Closes & More Marketability  I […]Read More

Contingencies for Buyers in California

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Contingencies are clauses written in real estate purchase agreements and contracts that give buyers a way to “back out” if they decide they no longer want to move forward with the purchase. Contingencies are very common in California real estate contracts.Read More

Are Home Inspections Required in California?

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Home inspections are non-invasive inspections that are used to give buyers a greater understanding of the condition of the home they are looking to buy. Home inspections tell buyers the true state of the property they are considering buying and identify any potential issues with the property.Read More

TRID Again; Contingencies & Closing Periods For Contracts Now?

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TRID introduces new timing requirements for disclosures, but delays can be minimized. Learn how it affects closing periods and contingency timelines.Read More

Why We Don’t Share Written Loan Approvals

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Written loan approvals often contain standard conditions that can confuse borrowers and Realtors unfamiliar with the process. While these conditions are routine and easily resolved, they can create unnecessary concern. Learn why we choose to explain approvals instead of sharing them directly.Read More

Why 5 Day Loan Contingency & Then 15 Day Close?

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A Realtor recently asked why we need an extra 10 days to close if we can release loan and appraisal contingencies within 5 days. The answer lies in the detailed loan process. Within the first 5 days, we rush the appraisal and get an underwriter to review the file and issue loan conditions. Once we confirm the conditions are minor and easily met, we advise releasing contingencies. The remaining time is used to gather necessary documents, satisfy conditions, prepare and sign loan documents, and complete the funding and recording process. There’s much more to closing a loan than meets the eye.Read More

Why “Rush” All Appraisals? 5 Day Contingencies; Value

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At JVM we order every purchase appraisal as a “rush” and absorb the rush-fee ourselves. There are two reasons for this: (1) 5 Day Appraisal Contingencies: We typically get appraisals […]Read More