Real Estate Can this contingency be made-E-Answer.Net

I am making a contingency offer (since I need to sell my house and can't afford two mortgages or want to risk foreclosure due to a bridge loan). Sellers can add their own contingency to have me remove the contingency within 48 hrs. if they get another offer. Is it fair and feasible to add another contingency stating they have to reimburse my deposit and the cost of any inspections I have paid to buy their house if I loose the house due to their 48 hrs. removal clause? Can this contingency be made?

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3 Comments



jen_ny6 Votes: +0	You could but this is usually never done. You assume the cost of the deposit and inspections when you try to purchase a house. If you get "bumped" they have to return your deposit, but not your inspection costs. report abuse vote down vote up


hanora Votes: +0	You can make any contigency you choose. Whether they accept it is another question. If I were acting for the sellers - returning your deposit in certainly reasonable and expected. Reimbursing you for inspections is not, unless you turn over such inspection reports to them and even then I would not suggest that you be paid full price. report abuse vote down vote up


estielmo Votes: +0	I would expect them to return your deposit, but not your additional expenses. Of course, they are free to say no. report abuse vote down vote up

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Real Estate Can this contingency be made

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