A lot of times you can still exit the deal and recover your EMD if you're using a standard HAR (Hawaii Association of Realtors) contract that protects the buyer via multiple contingencies.

My contract has an inspection contingency that states the following: The buyer accepts the property and its improvements in its present as is condition; with no warranties, expressed or implied by seller and/or realtors.

My contract has an inspection contingency that states the following: The buyer accepts the property and its improvements in its present as is condition; with no warranties, expressed or implied by seller and/or realtors.

They are pre-approved for $450,000. contingent upon the sale of the condo.

If a landlord has cancer and they are running a business and not a charity then they should probably have a contingent arrangement for the management of the property if they are no longer capable of doing so.

The deal is contingent upon the Village's approval of the subdivision and construction of a new SFR.

Other unexpected repairs could add to that.On the other hand, everything may be smooth sailing and you’ll have 17k of reserves in a year and growing.I would suggest you do some contingency planning.

I would NOT need to check of any mortgage/loan contingencies on the contract, correct? 

Always have a contingency line item will help cover any unexpected expenses. 

But an actual contract contingent on his finding a suitable replacement or with a floating closing date would be best for his putting an offer on a new property.