When making an offer on a home, a buyer may add contingencies to their contract. There are many types of contingencies that apply to myriad situations and can protect the buyer from unexpected issues in the transaction. Sellers can also add their own contingencies either on their own or in counteroffers to protect their interests in the sale....

Image by Burst from Pexels Once you and the seller agree on a price for the seller’s property, you must sign a purchase agreement. Because a contract has to have consideration to be considered valid, buyers put down “good faith money,” which is held in escrow by an attorney, real estate broker or a title company. This could...