Contingencies are the safety nets in a purchase contract — conditions that must be met for the sale to proceed. Understanding them helps you protect your money and make confident offers.
Jazmyne Collins explains every contingency so her clients know exactly what protects them.
Due Diligence and Inspection
Georgia contracts commonly include a due-diligence period, during which buyers inspect the home and can negotiate repairs or terminate. It's your primary window to evaluate the property.
Using this period wisely protects you from costly surprises.
Financing and Appraisal
A financing contingency protects you if your loan falls through, and an appraisal contingency addresses the home appraising below the contract price. Both are important safeguards.
We structure these based on the market and your situation.
Balancing Protection and Competitiveness
Strong offers balance protective contingencies with terms attractive to sellers. In competitive situations, strategy matters — we'll advise how to stay protected while winning the home.
Every contingency is a tool we use deliberately.
Frequently Asked Questions
What is a due-diligence contingency in Georgia?
It gives the buyer a set period to inspect the home and investigate the property, with the right to negotiate repairs or terminate the contract, typically without losing earnest money.
What happens if the appraisal comes in low?
With an appraisal contingency, you can renegotiate the price, cover the gap, or in some cases terminate. We'll strategize the best path for your situation.
