At what point in the purchasing process are the contingencies made?

We do this because legal fees can end up being enormous, sometimes hundreds of thousands of dollars, and a good attorney that thinks you have a solid case will take it on a contingency, knowing that when they win they will be paid.

They aren’t there to help you negotiate the price down, because of contingencies like inspections or appraisals.

NYC is a horrific place for LLs and there is a contingent of DSA (Democratic Socialists of America) politicians that are trying to make it even worse, end goal being no private property.

If $5k is in the contract with no contingencies (i.e. we’ll give you a credit unless we can get it to work) than you get the credit.

Sometimes the contract lists other contingencies as well.  

I definitely would make his renewal contingent on his compliance. 

Buyer makes full price offer at reduced listing price = 7/6.Buyer/Seller sign contract for sale = 7/7 with*Financial contingency (not contingent on seller sale of primary residence).

You can decrease the purchase price by pulling on levers such as no-financing, strong down payments, appraisal contingencies, and so on.

Once you understand what kind of balance you are looking for then you start looking for properties in the right neighborhood and start making offers with an inspection contingency so that if something does happen to be severely wrong with the property- you can back out of the deal.