The Closing Contingency Clause
In this video, Buffalo Real Estate Attorney Richard H. Cole discusses a closing contingency clause in a real estate transaction and how it differs from a sales contingency. If you are buying or selling property and have questions about the closing contingency clause, contact us today to schedule a consultation. Let our experience work for you.
- A closing contingency is slightly different from a sale contingency in that you already have a contract to sell your home.
- Rather than obtaining an agreement to sell your home, your contract to purchase a new home is contingent on completion of that sale because the proceeds from that sale enable you to complete your purchase.