Contingency:
A condition that must be met before a contract is legally binding.
For example, home purchasers often include a home inspection contingency; the sales contract is not binding unless and until the purchaser has the home inspected. Your real estate contract will most likely contain contingencies. These items must be cleared up before the contract can be finalized. The attorneys at Bradford Miller Law can help you negotiate a solution, such as the seller paying for repairs to the property. However, some buyers may want the contract nullified for certain defects. If you can't agree, the contract can be canceled.
Buying or selling a house involves a lot of legal details, and real estate law is always changing. It's a good idea to talk with an experienced real estate lawyer to be sure you meet all the state's requirements. Once you decide to sell or buy real estate, Bradford Miller Law, P.C. can help you with your transaction at a very reasonable rate. Our experienced Real Estate Attorneys have been representing real estate clients for several years now and have earned membership in the Better Business Bureau. At www.bradfordmillerlaw.com you will find information about our firm and information about selling a home. To discuss your pending or potential real estate transaction call us at 312-238-9298 for a Free 15-minute consultation.
Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602
Offering free legal representation to homeowners seeking a short sale
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