A clause in a purchase contract outlining conditions that must be fulfilled before the contract is executed. Both buyer or seller may include contingencies in a contract, but both parties must accept the contingency. Source: HUD

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Setting Realistic Home Inspection Expectations

Here's how to find a competent home inspector and put the report to the best possible use. But you can't expect an inspector to find every single flaw in the property you're planning to buy — or save you from making a terrible mistake.