Facebook
X
Pinterest
Copy Link
A mortgage contingency is a key clause in your real estate contract. It means the buyer must secure financing within a set timeframe for the sale to proceed. If they’re unable to obtain a loan, they can cancel the contract—usually without losing their deposit.
This clause protects both parties. It ensures the buyer is actively working to secure financing and helps avoid last-minute surprises that could derail the transaction.
When a buyer submits an offer, they include a pre-approval letter. But not all pre-approvals are created equal. That’s why our team goes beyond the paperwork—we contact the lender directly to verify the strength of the buyer’s financing.
We ask:
- What documents were reviewed?
- Has credit been pulled?
- Are income and assets verified?
- Are there any red flags?
This due diligence helps protect your sale and ensures the buyer is truly ready to move forward. It’s one more way we help you sell your home with confidence and peace of mind.
👉 Download your complimentary copy of the Selling Your Home with Confidence and Peace of Mind workbook here: https://forevermorehomes.com/resources
Next up: As closing day approaches, we’ll guide you through the final steps—from utility transfers to key handoff—so you’re fully prepared for a smooth and stress-free finish.
The Forevermore Homes Team of Coldwell Banker is committed to guiding seniors and their families through every step of the sale with clarity, care, and expert advocacy.
