There is a loan contingency that is usually 14-30 days that says something like if the buyer can't qualify they are released out of contract with no damages awarded.There are some things that I hope you and others learn from this.

What is the number one contingency (or contingencies) that you include in most, if not all, contracts that has saved you time, money, and headaches without scaring away sellers?

He was ready to be done with this property and my finance contingency made him uneasy.

They get a very good deal still and don't get screwed over on other contingencies (it's not just about price, people!)

So my question is, is that as long as my agent adds an addendum for me such as "Buyer shall have the ability to assign his rights to this contract without the express written consent of the seller, at buyers unfettered discretion" and "contingent upon property property inspection and buyer's approval of results", by doing this does it supersede any other verbiage it conflicts with in the contract?

But the list agent tells them what they want to hear, rainbows and unicorns, and bam, they overpay and close in 2 weeks waiving all contingencies.

Costs Incurred: Pay mortgage arrears - 5 mos past due 8,500 Legal fees for transaction 1,500 Home rehab, including foundation, new roof, etc. 70,000 Holding costs during rehab - 3 mos x 2,000 6,000 Holding costs until sold closing - 3 mos x 2,000 6,000 Interest charges 3,000 Total Costs Incurred 95,000 ARV after rehab 350,000 Sell for 95% of asking price 95% Sold price 332,500 Commissions & closing costs - 8% 26,600 Pay off mortgage 180,000 Net sales proceeds 125,900 Less Total Costs Incurred (from above) 95,000 Net profit 30,900 Maybe a contingency % for the rehab? 

I’m looking at about $130k remodel, upstairs and downstairs, plus contingency.

There's some agents in my office who have won bidding wars with offering less money than other offers because they ruled out some other contingencies, so have someone that can advise you on options like that!

Hi everyone just hoping to get some help/suggestions on a duplex I have under contract with a couple more days left in my inspection contingency period.