No home purchase goes smoothly 100% of the time. There may come a time when you have to back out of real estate contract – maybe there was an undisclosed defect in the home or it has an unmarketable title – and perhaps you are past the due diligence period. What could you do to ensure that you can safely back out of a deal with little to no consequences?
Adding contingency clauses to the real estate contract could be the answer. [Read more…]