What is a contingency? The typical buyer has a minimum of 3 main contingencies that you have to ensure that you are making a good decision on your home purchase. As a buyer you have an inspection contingency, appraisal contingency, and a loan contingency. These contingencies are normally completed within the first 17 days of your contract here in California. Keep in mind that in this market, there are other contingencies too, a Short Sale is a contingency as the terms are subject to the lender/s approval. There is a contingency if there is a Home Owners Association as the buyer has the right to review and approve the CC&R’s, Budget, Bylaws, Minutes, etc… For more information on your contingency rights, send me an email at jeff@jeffreysimons.com