If it were an exclusive buyers agreement and insisted on 3% with no contingencies, that is a lot more rare and broker-sided but from the terms you've provided, it appears he's just trying to protect himself from timewasters.

Furthermore, being flexible and adaptive in your real estate transactions may be achieved by creating a contingency plan for both scenarios.

Well yes, our entire lives are contingent on "3rd party platforms" of one variety of another, from the time we wake up until we go to bed at night, and even through the night.City streets, stop lights, and the power company are third party platforms.  

I always add the following in attorney review just in case people think it is a waiver: "Any references to "as-is" or "informational purposes" in the Contract or any riders shall neither void nor limit any rights relating to inspection contingencies, including Paragraph 16 of the Contract, and final walk-through."

BTW, Common Day Rates range from $125 to $250 contingent on the work.

Diving in on some value add opportunities with a seller carry and a 5-7 year balloon contingent on appraisal. 

Buyers offers will contain a contingency that the seller pays X percent to their buyers agent.And the negotiations will go from there.I do think real estate agents are over compensated.

This is gonna be one of the most important factors and you have little room for error as this is how you're going to get your ARV.Budget and Timeline - Present a budget detailing all anticipated costs associated with the project, including acquisition, renovation, carrying costs, and contingency funds.

Hi Steven,Does your Purchase Agreement have a financing contingency?

If you have the ability to walk away due to contingency, consider it.