Financial repercussions in home purchase cancellations
- Seattle, Portland, San Francisco
- 2022/09/29
In August, 15.2% of home purchase agreements fell through, similar to 15.5% in July, according to Redfin.Given the financial risks of a broken contract, it makes sense to ensure the final purchase is contingent upon certain aspects of buying a house.Common contingencies relate to home inspection, appraisal and financing.
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