Bonus: Contingencies You Should Include

Contingencies are your safety net, giving you a legal way to walk away if something isn't right.

Contingencies Worth Including

• Inspection contingency — lets you exit or renegotiate based on inspection findings
• Appraisal contingency — protects you if the property doesn't appraise at the agreed price
• Title contingency — protects you if a title search reveals liens or ownership issues
• Financing contingency — relevant if part of your purchase depends on securing additional funds

Why Contingencies Matter More in Owner Financing

Without a bank automatically requiring these checks, contingencies you write into your own contract are often your only protection against unexpected issues.

Working with an Attorney

An attorney can help draft contingencies that are enforceable and appropriately scoped for your specific transaction.

Bottom Line

Don't skip contingencies just because you're excited to close — they're there to protect your ability to walk away if something's wrong.

See a full contingency checklist at ownerfinancedhomesforsale.com.

This article shares general educational information about owner financing and is not legal or financial advice. Consult a licensed real estate attorney or financial professional before entering into any owner financing agreement in your state.