“Safety Net” - Planning Contingencies Finance With Factor

A real estate contract is filled with contingency clauses designed to protect the buyers. But, in a competitive market, everything is negotiable, and many buyers find themselves tempted to waive contingencies to make their offer seem more appealing. Megan Ritter, attorney with Griffin Law, helps us understand the risks and implications of each contingency clause. Strategically crafting these clauses can be a winning plan, but it is important to understand what you are limiting/waving before signing the offer/purchase and sales contract.