http://realtytimes.com/rtpages/20130606_contingencies.htm
This is a great article about real estate contingencies. There are many reasons for a contingency as part of your home purchase transaction, the most common being the need to sell your current home before purchasing your new one.
Contingencies are put in place to protect the home buyer, however you should always be mindful that in a hot market, excessive contingencies may work against you as the Seller may choose a more attractive deal, one that might have fewer contingencies.
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