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One term you should definitely know when buying a home is "contingency" 📝. This legal safety net lets you back out of a purchase under specific conditions without losing your deposit 💰. 🛡️ Why It Matters: Contingencies protect you from unexpected issues like a failed home inspection or financing snags. 🔄 Not a Free Pass: While contingencies offer an exit route, it's not an invitation to casually back out. Be serious about any offer you make 🤝. 🏡 Types of Contingencies: Home Inspection 🕵️‍
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