Contingency with no Bump Clause
Question:
I am looking at a home in [state], and it is contingent with no bump clause. If I were to make a second offer how long does the contingent buyer usually have under contract to come up with the money?
Answer
Have your agent call the seller’s agent and ask how long the contingent period is. It totally depends on what the buyer and seller have agreed to.
Lynette Hensley–Associate Broker
(Asked and answered on Zillow)
Tags: contingency, no bump, Real estate contract