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guys this is erica from gokuche capital now before i begin be sure to click subscribe and turn on the notification bell in 1989 jeffrey stambovsky a new york bond trader found his dream home in nyack a small town on the hudson river north of new york city there was just one problem the house was haunted so what happens when you uncover a ghost during your due diligence can you back out of the deal well find out at the end of this video but first ghosts are not the only unexpected issue that can cause you to reconsider a property purchase and the only way to guarantee you will get your deposit back is to write contingencies into your purchase agreement so in todays video we have the top things you should know number one what is a contingency in short purchase agreement contingencies are conditions or actions that must be met for a real estate contract to become binding number two lets look at some of the most common examples first there is an inspection contingency this contingency g