Good news: Homebuyers just got a new safety net

In the last quarter, 53% of real estate agents reported an increase in  buyers implementing an “employment contingency” in their contract.

What’s an Employment Contingency?

This is a protective clause that allows homebuyers to back out of a deal  with minimal penalties if they lose their job prior to closing.

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Incorporating a Safety Net

Various contingency clauses exist in real estate and allow either the  buyer or the seller to back out of a deal if certain conditions are not  met.

What To Know

Employment contingencies aren’t just reserved for people making a  quarter million per year. Anyone buying a home or property can include  one.

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If you’re looking to buy a home even in this tough market, don’t be  afraid to prioritize security. After all, any good property has at least  a few escape routes.

What To Know


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