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Buying a Home? New Construction Offers Many Benefits
The listing states the Lehigh Valley Home is Available with Contingency. What does that mean?
A Lehigh Valley Home Sale may involve many different contingencies. The buyer will purchase the house but it is contingent on the results of a property inspection. The buyer will purchase the house but it is contingent on them selling their current home.
Depending on how the PA Agreement of Sale is written and the circumstances of the buyer there are various contingencies that may be involved in a home sale. Part of the contract negotations may involve whether or not the seller will continue to market the home hence "Available With Contingency".
Common Contingencies when Buying or Selling a Lehigh Valley Home.
- Property/Home Owners Insurance
- Property Inspection
- Wood Destroying Insect Inspection
- Radon Test
- Water Test
- Septic System Test
- Home Sale and/or Settlement
As the contingencies are met (i.e. the water tested okay), the offer on the house gets stronger and the possibility gets less that the deal will fall apart. At some point, the house will usually get changed from Available with Contingency to fully Under Agreement.
