PURCHASE AGREEMENT CLAUSES

Find every contingency in your purchase agreement and its deadline

Contingencies let a buyer back out, or renegotiate, if something important does not check out: the inspection, the financing, the appraisal, the title or the sale of another home. Each one usually has its own deadline and its own way of being removed. Ask Search+ which contingencies apply and when each ends, and open the citation to read the notice rules before a date slips past.

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Last updated October 2026

How to track contingencies with Search+

  1. Upload the agreement and every addendum

    Add the purchase agreement, counteroffers and contingency addenda. Contingency periods are often changed after the original signing.

  2. Ask for each contingency and its deadline

    Ask "Which contingencies does the buyer have, and when does each one expire?" Then ask about one contingency at a time for the detail.

  3. Ask how each one is removed

    Ask whether a contingency is removed by written notice, expires automatically or is deemed waived. Open the citation; the method matters as much as the date.

Questions about contingencies

Inspection

How long is the inspection contingency, and what can the buyer do if the inspection finds problems?

Financing

What happens if the buyer cannot get a loan on the stated terms by the deadline?

Appraisal

Is there an appraisal contingency, and what happens if the appraisal comes in below the price?

Sale of another home

Is the purchase contingent on the buyer selling another property?

Removal

Are contingencies removed by written notice, or are they treated as waived when the period ends?

What to check about contingencies

Common types

Inspection, financing, appraisal, title and home-sale contingencies are frequent in home purchases. Business deals use similar conditions under other names.

Active or passive removal

Some agreements require the buyer to remove a contingency in writing; others treat silence as waiver. The difference can decide what happens to a deposit.

Counted from what

Contingency periods may run from acceptance, from delivery of a document or from a fixed date. Read the starting point as well as the length.

Practice varies by place

Contingency rules and standard forms differ by state and region. An agent or lawyer can tell you what is customary where you are.

Cited dates

Search+ cites the clause for each contingency and can draw on all the addenda in the workspace, so you can confirm the current dates.

Contingency wording and what to ask next

Wording you may seeWhat it usually signalsA follow-up question
"contingent upon Buyer obtaining financing"A financing contingencyWhat loan terms must the buyer obtain?
"inspection period"Time to inspect and objectWhat can the buyer ask for after the inspection?
"appraise at or above the purchase price"An appraisal contingencyWhat are the options if it appraises lower?
"deemed waived"Passive removalWhen does the waiver take effect?
"written notice of removal"Active removalHow and to whom must notice be given?

What is a contingency in a purchase agreement?

A contingency is a condition in a purchase agreement that must be satisfied, or waived, within a set time, and that usually lets the buyer cancel or renegotiate if it is not met.

Closing conditions are the wider set of requirements both sides must meet to complete the sale. A contingency is usually a buyer protection with its own deadline.

Questions about contingencies

Can Search+ list my contingencies and their deadlines?
Ask for each contingency and when it ends. The answer cites the clauses; check the addenda as well, since dates are often changed, and an AI answer can miss one.
Will it show me how to remove a contingency?
Ask how each contingency is removed or waived. The answer quotes and cites the notice wording in the agreement.
Can it tell me what happens if financing falls through?
Ask about the financing contingency and the deposit together. The cited clauses show the buyer's options and deadlines.
Can it read the inspection report too?
Yes. Upload the inspection report and ask which findings relate to the inspection contingency. The answer cites both documents.
Can Search+ tell me whether to remove a contingency?
No. Search+ helps you find and read your contingencies. It is not legal advice, so confirm deadlines and next steps with your agent or lawyer.

Never miss a contingency deadline

Start a workspace, upload the agreement and addenda, and ask when each contingency ends.

Start a workspace