Common Sale Contingencies
Most offers will be contingent upon a home inspection. If needed, the buyer (or agent) will ask for you to make repairs and/or credit the buyer for items found in the inspection.
Also called a "mortgage contingency", which gives the buyer time to apply for and obtain financing. Buyers also might request you to pay for their mortgage costs.
It is typical for lenders to want a home appraisal to ensure the home is valued at a minimum, specified amount.
The purchase of your home is contingent upon the sale of the buyer's home.
Keys to Remember!
If you accept an offer, make sure the buyer submits earnest money to title company ASAP
You can always make a counter offer before signing anything
If you sign it, it then becomes a legally binding contract.. so read everything twice
Any changes made to the contract require a written approval from all parties for the change to be valid
You always have the right to reject any offer without further consideration