What Is Home Sale Contingency?
A home sale contingency makes a purchase offer conditional on the buyer successfully selling their current home first, protecting them from owning two properties at once.
Why it matters
Sellers in competitive markets often avoid accepting these offers unless paired with a kick-out clause, since the sale depends on an outcome outside anyone's direct control.
Related Terms
More Buying Terms
This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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