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Most common contingencies buyers request

Ninety-one percent of closed sales in August contained a sales contingency, allowing a buyer or seller to back out of the contract if certain conditions were not met. This percentage was reported in the August 2017 REALTORS Confidence Index Survey. 

The most common contract contingencies in August were related to passing home inspections (19 percent); the buyer obtaining financing (19 percent); and appraisal contingencies (15 percent).

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