Ottawa Real Estate Contract Contingencies
Contingencies are an important part of the real estate transaction process that every Ottawa home seller
Relatively common on the Ottawa real estate market,
contingencies allow home buyers to cancel a contract without any consequences.
Often times, contingencies also mean that Ottawa home buyers
will get back any earnest money deposit as well after they cancel a contract.
Thus, contingencies can prove to be a nightmare for home sellers because they may cause a deal to fall through at the last minute.
As I’ve said before, knowledge is power on the Ottawa housing market
, so today I’d like to explain to you a few different types of contingencies so that you’re prepared in the event that you encounter one on the Ottawa real estate market