What Contingency Should Buyers Insist on Before Exchange of Contracts?

Purchasing a property is one of the most significant financial decisions a person can make, and the stakes are high. While finding the ideal home can be exciting, it’s crucial not to let enthusiasm override prudence. One of the most effective ways to protect yourself as a buyer is by insisting on contingencies before the exchange of contracts. Contingencies act as contractual safeguards, ensuring that the buyer is not committed to a property under circumstances that could cause financial, legal, or structural complications. Without them, buyers can find themselves locked into an agreement that may expose them to significant risks, including unexpected repairs, legal disputes, or financing failures.