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today were going to be talking about contingencies now when youre buying a house there are several contingencies that exist for most contracts and then there are some contingencies that can get added depending on situations so lets get right into it we have lots to cover lets first start by talking about what a contingency actually is so all it is is a set of circumstances that have to be met in order for something to happen so in this case it would be for the purchase and sale of a home to be complete now in this video were gonna cover four different contingencies and there might be some other contingencies out there but these are the most popular ones so were going to talk about the home sale contingency the sellers home contingency were going to also talk about the inspection contingency and then were going to talk lastly about the mortgage contingency so lets get into the home sale contingency this would be for the buyers so lets say the buyer