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In this video, Erica from Gokuche Capital discusses a significant real estate story involving Jeffrey Stambovsky, who discovered his dream home in Nyack was haunted after his purchase. She emphasizes the importance of due diligence and contingencies in real estate transactions, noting that unexpected issues, like discovering a ghost, can lead buyers to reconsider their decision. To protect their deposits, buyers should include contingencies in their purchase agreements. Contingencies are conditions that must be met for a contract to be binding. The video highlights various common contingencies, starting with inspection contingencies, which are essential for assessing a property's condition before finalizing a deal.
