What is a new construction home sale contingency?

Answer by  patti (29325)

Contingencies may be written into a sales contract. The offer to purchase the new home might be contingent on the sale of the buyer's current home, the buyer's procurement of financing or completion of the home by a certain date. Contingencies are specific and must be detailed in the sales contract.

Answer by  Jaggers (1018)

This is a lot of real estate broker smoke and mirrors. The contingency on new construction home sales is the same as it is for all home sales. Namely that a qualified home buyer is found.