What Does Removing Contingencies Mean in Real Estate?
Contingency removal = big milestone 🏡⚠️ When you remove a contingency, you’re giving up a reason you could have used to cancel and get your deposit back. Remove loan contingency = you’re moving forward based on loan approval. Remove all contingencies = you’re fully committing to close. Do NOT sign on autopilot. If anything feels off, pause and call me first. Once contingencies are removed, canceling can put your earnest money deposit (EMD) at risk. Want the process explained step by step by someone with a teacher’s heart? Contact me or DM me today.