If you're like many people buying or selling a home in Sierra Vista, you need to know a little bit of basic real estate lingo. One of the terms you may hear from time to time is contingency. But what is a contingency, and what does it matter to your transaction? This guide explains. Contingencies in Real Estate: What They Are, When to Waive and More Contingencies are conditions that you or the other party in your transaction must meet before the deal can go through. If the party who is supposed to meet a condition doesn't do so, the other party has the option to back out of the contract and … Continue reading...