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Estate and Letting Agents : Established 1992
for the East London property buyer
Contingencies
You can make your offer contingent (or dependent) on a certain
event. That means that you’ll only buy the house if that
event occurs. The most common contingencies in an offer include:
-
Getting a loan. If you can’t find a loan, then you
won't be bound by your offer.
-
Getting a job in the area, if you’re relocating,
or just a new job.
-
Receiving a satisfactory report from your home survey
within so many days after acceptance of the offer. If
the inspection reveals major defects, you can withdraw
your offer or negotiate with the seller to have the repairs
made.
Remember, get all the details spelled out in writing in the
contract.
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