Contract contingencies

Contract contingencies

Here are the contract contingencies I use:

Contingencies:

1. Buyer to have 5 days from bank acceptance to deposit earnest money in escrow.
2. Buyer to have 10 days from bank acceptance to perform due-diligence before earnest money becomes non-refundable.
3. Buyer to have 20 days from bank acceptance to close.

If you get countered on the earnest money going hard extension:

1. Seller to have the right to continue to market the property and accept any offer in first position until Buyer allows their earnest money to become non-refundable.

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