{"id":39924,"date":"2025-11-23T04:19:28","date_gmt":"2025-11-23T12:19:28","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=39924"},"modified":"2025-11-24T21:02:48","modified_gmt":"2025-11-25T05:02:48","slug":"buyer-most-purchase-agreements-are-contingent-on-which-two-items","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/","title":{"rendered":"Most Home Purchase Agreements Are Contingent on These Two Items"},"content":{"rendered":"

When buying a home, you\u2019ll need to sign a contract<\/a> with the seller. Most purchase agreements are contingent on two key items: home inspection and financing. As a homebuyer, knowing what these contingencies mean for you and the seller can help you make decisions with more confidence and avoid unexpected surprises and pitfalls.<\/p>\n\n\n\n\n\n

\n
\n
\n \"homelight\n <\/div>\n \n

Find a Top Agent With Experience in Contingency Offers<\/h3>\n

If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.<\/p>\n \n

\n Get Started<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n
<\/div>\n

What does contingent mean when buying a home?<\/h2>\n

In the world of real estate, a contingent<\/a> offer on a home means that the purchase is conditional upon certain terms being met. These conditions, or contingencies, act as safeguards for both the buyer and seller. Essentially, they provide a way to back out<\/a> of the sale if specific criteria aren’t fulfilled without facing penalties. This setup helps manage the risks associated with such a significant investment.<\/p>\n

Most purchase agreements are contingent on which two items?<\/h2>\n

Among the various types of contingencies, two stand out in most home purchase agreements: home inspection and financing. These are the cornerstones that ensure the property meets your expectations and that you have the necessary funds to complete the purchase. Understanding these contingencies is crucial as they play a significant role in the homebuying process. They influence both your decision-making and whether you are able to close the sale on the home you want.<\/p>\n

<\/div>\n

1. Home inspection contingency<\/h3>\n

This contingency allows you, as the buyer, to have the property professionally inspected within a specified timeframe<\/a>. The purpose is to uncover any significant issues<\/a> or defects in the home that could affect your decision to proceed with the purchase. These might include significant asbestos or mold issues, rotted columns, or other structural defects<\/a> like a cracked foundation.<\/p>\n

What does this mean to a buyer?<\/h4>\n

As a buyer, a home inspection contingency offers you a layer of protection. It ensures that you’re not walking into a costly surprise after the purchase. If the inspection reveals major problems, this contingency allows you to renegotiate the terms, request repairs<\/a>, or even back out of the deal without losing your earnest money deposit<\/a>.<\/p>\n

What does this mean to a seller?<\/h4>\n

For the seller, this contingency can be a double-edged sword. While it can lead to a smoother transaction by addressing any concerns upfront, it also means the sale is not a done deal until the inspection is passed. Sellers may need to be prepared for possible renegotiations or repair requests based on the inspection findings<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Discover which two items most purchase agreements are contingent on when buying a home. What are the inspection and financing contingencies?<\/p>\n","protected":false},"author":298,"featured_media":39930,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[192,700,646],"tags":[],"class_list":["post-39924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-buyers","category-buyer-contracts","category-making-offers"],"acf":[],"yoast_head":"\nMost Home Purchase Agreements Are Contingent on These Two Items<\/title>\n<meta name=\"description\" content=\"Discover which two items most purchase agreements are contingent on when buying a home. What are the inspection and financing contingencies?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Most Home Purchase Agreements Are Contingent on These Two Items\" \/>\n<meta property=\"og:description\" content=\"Discover which two items most purchase agreements are contingent on when buying a home. What are the inspection and financing contingencies?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/\" \/>\n<meta property=\"og:site_name\" content=\"HomeLight Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/gohomelight\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-23T12:19:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-25T05:02:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/hl-blog.homelight.com\/wp-content\/uploads\/2024\/01\/most-purchase-agreements-are-contingent-on-which-two-items-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Richard Haddad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@gohomelight\" \/>\n<meta name=\"twitter:site\" content=\"@gohomelight\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Richard Haddad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Most Home Purchase Agreements Are Contingent on These Two Items","description":"Discover which two items most purchase agreements are contingent on when buying a home. What are the inspection and financing contingencies?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/","og_locale":"en_US","og_type":"article","og_title":"Most Home Purchase Agreements Are Contingent on These Two Items","og_description":"Discover which two items most purchase agreements are contingent on when buying a home. What are the inspection and financing contingencies?","og_url":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/","og_site_name":"HomeLight Blog","article_publisher":"https:\/\/www.facebook.com\/gohomelight\/","article_published_time":"2025-11-23T12:19:28+00:00","article_modified_time":"2025-11-25T05:02:48+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/hl-blog.homelight.com\/wp-content\/uploads\/2024\/01\/most-purchase-agreements-are-contingent-on-which-two-items-2.png","type":"image\/png"}],"author":"Richard Haddad","twitter_card":"summary_large_image","twitter_creator":"@gohomelight","twitter_site":"@gohomelight","twitter_misc":{"Written by":"Richard Haddad","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Article","BlogPosting"],"@id":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/#article","isPartOf":{"@id":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/"},"author":{"name":"Richard Haddad","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/person\/7d7103b037dcb5e844946ec92b02a128"},"headline":"Most Home Purchase Agreements Are Contingent on These Two Items","datePublished":"2025-11-23T12:19:28+00:00","dateModified":"2025-11-25T05:02:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/"},"wordCount":426,"publisher":{"@id":"https:\/\/www.homelight.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/#primaryimage"},"thumbnailUrl":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2024\/01\/most-purchase-agreements-are-contingent-on-which-two-items-2.png","articleSection":["Buyers","Contracts","Making the Offer"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/","url":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/","name":"Most Home Purchase Agreements Are Contingent on These Two Items","isPartOf":{"@id":"https:\/\/www.homelight.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/#primaryimage"},"image":{"@id":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/#primaryimage"},"thumbnailUrl":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2024\/01\/most-purchase-agreements-are-contingent-on-which-two-items-2.png","datePublished":"2025-11-23T12:19:28+00:00","dateModified":"2025-11-25T05:02:48+00:00","description":"Discover which two items most purchase agreements are contingent on when buying a home. What are the inspection and financing contingencies?","breadcrumb":{"@id":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/#primaryimage","url":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2024\/01\/most-purchase-agreements-are-contingent-on-which-two-items-2.png","contentUrl":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2024\/01\/most-purchase-agreements-are-contingent-on-which-two-items-2.png","width":1000,"height":563,"caption":"Source: (I Do Nothing But Love\/ Unsplash)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.homelight.com\/blog\/buyer-most-purchase-agreements-are-contingent-on-which-two-items\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.homelight.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Most Home Purchase Agreements Are Contingent on These Two Items"}]},{"@type":"WebSite","@id":"https:\/\/www.homelight.com\/blog\/#website","url":"https:\/\/www.homelight.com\/blog\/","name":"HomeLight Blog","description":"Real Estate Advice from America's Top Agents","publisher":{"@id":"https:\/\/www.homelight.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.homelight.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.homelight.com\/blog\/#organization","name":"HomeLight","url":"https:\/\/www.homelight.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2017\/11\/logo-hr-color.png","contentUrl":"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2017\/11\/logo-hr-color.png","width":1348,"height":262,"caption":"HomeLight"},"image":{"@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/gohomelight\/","https:\/\/x.com\/gohomelight","https:\/\/www.linkedin.com\/company\/homelight\/","https:\/\/www.youtube.com\/channel\/UCimugR9XF17-OZ7B9fNnxWw","https:\/\/en.wikipedia.org\/wiki\/HomeLight"],"description":"Everything you need to know to sell your house faster and for more money. Articles, guides, and advice from top agents all over the U.S.","email":"support@homelight.com","telephone":"(888) 688-0350","legalName":"HomeLight","foundingDate":"2012-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"201","maxValue":"500"}},{"@type":"Person","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/person\/7d7103b037dcb5e844946ec92b02a128","name":"Richard Haddad","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.homelight.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fbb89d16f303ea1de47fd69852400830b4a663ea6dbb4eecafbea5c1403da721?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fbb89d16f303ea1de47fd69852400830b4a663ea6dbb4eecafbea5c1403da721?s=96&d=blank&r=g","caption":"Richard Haddad"},"description":"Richard Haddad is the executive editor of HomeLight.com. He works with an experienced content team that oversees the company\u2019s blog featuring in-depth articles about the home buying and selling process, homeownership news, home care and design tips, and related real estate trends. Previously, he served as an editor and content producer for World Company, Gannett, and Western News & Info, where he also served as news director and director of internet operations.","sameAs":["https:\/\/www.homelight.com","https:\/\/www.linkedin.com\/in\/richard-w-haddad"],"url":"https:\/\/www.homelight.com\/blog\/author\/richardhaddad\/"}]}},"_links":{"self":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/posts\/39924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/users\/298"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/comments?post=39924"}],"version-history":[{"count":0,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/posts\/39924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/media\/39930"}],"wp:attachment":[{"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/media?parent=39924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/categories?post=39924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homelight.com\/blog\/wp-json\/wp\/v2\/tags?post=39924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}