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The Only Contingency You’ll Ever Need

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Hey Moguls, Steve Cook here…

Entering the real estate market can be extremely intimidating, so as a result, many new investors are tempted to use weasel clauses.

The problem with these contingencies is that the buyer is deceiving the seller and, even worse, if the buyer exercises a weasel clause, other events in the seller’s life (bill payment, purchase of another house, helping a relative, etc.) may be significantly delayed when the settlement doesn’t occur as expected.

So today, I’m going to share with you the only contingency clause you’ll ever need.

I’m not saying that there’s anything wrong with protecting yourself… protection is good and necessary. The error is found in the use, or should I say abuse of these contingencies when the buyer uses false contingencies, or weasel clauses, to secure his or her protection at the expense of the seller. For those of you unfamiliar…

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