You just have to have the agent you are working with give you the pro’s and con’s of each of the contractual contingencies that are in effect.
Their enforcement is key. If you are a Santa Clarita Real Estate buyer, there are going to be contingencies that will concern you when buying a home. You will have a certain amount of time to do your inspections. You will also have contingencies in place that will protect you as a buyer. Such as a “appraisal” contingency – Which gives you a way out of the transaction if the property does not appraise at the amount you offered.
Sellers have contingencies that area all of their own. Such as needing the home they are selling to close at the same time as the home they are buying.
In both of the above scenarios – you need to have a game plan developed where your Santa Clarita Realtor will cover all of the nuances of each contingency. Most are in place to protect you while selling the largest investment of your life.
For buyers, contingencies are in place to protect them when buying the largest investment of their lives.