Contingency  The dependence upon a stated event which must occur before a contract is binding.

I use a computerized tracking system to accomplish removal of real estate contingencies in a timely manner.

I counsel my clients to carefully consider all aspects of the situation before a real estate contingency is approved as a part of the transaction.  Communication and understanding are the keys.

The following are some common real estate contingencies:

• Buyer obtaining loan approval
• Home inspection
• Sale of Buyer's home