NCJAR News
A huge thank you to Kyle Sachs with Homes.com and Michael Silvestri with CrossCountry Mortgage for sponsoring NCJAR’s upcoming Networking Social at McLoone’s Boathouse on Wednesday, December 17th, 2025!
Your support helps bring our members together for an evening of great food, meaningful connections, and community spirit.
We can’t wait to celebrate with everyone at this fun-filled holiday event!
Click the "Register Here" button below to register and join us for the upcoming Networking Social at McLoone’s Boathouse on Wednesday, December 17th, 2025!
REGISTER HERE
You’ve made an offer on a home—or you’re selling your home and have received a contract offer. Regardless of which side of the transaction you’re on, it’s essential to understand contingencies—the conditions that must be met before the sale is finalized.
What Is a Contingency?
In a real estate contract, a clause outlines the rights and obligations of each party. A contingency, on the other hand, is a specific condition that must be fulfilled for the contract to move forward. Both buyers and sellers must agree to and sign off on any contingencies before they are legally binding.
Because these terms can affect your rights and responsibilities, it’s always wise to have a real estate attorney review your contract before you sign.
Common Contingencies and Clauses in Real Estate Contracts
While every transaction is unique, here are some of the most common contingencies and clauses you may encounter:
Financing Contingency
Allows buyers a set period of time to secure a mortgage loan. If financing falls through, this clause helps protect the buyer’s earnest money deposit.
Appraisal Contingency
We’re pleased to announce that the Consumer Information Statement and the Seller’s Property Condition Disclosure Statement are now available in Spanish on zipForm. These translated forms are provided as a member benefit for informational purposes only, helping you better serve your clients and enhance accessibility in real estate transactions.
New Jersey Global Real Estate Summit 2025: Connecting Leaders, Shaping the Future
The New Jersey Global Real Estate Summit 2025, hosted by Tangent Ventures International Realty Corporation, is set to take place on Saturday, November 8, from 1 PM to 6 PM EST at the Holiday Inn, 4701 Stelton Road.
This premier event brings together real estate professionals, investors, and thought leaders from across the region for a day of learning, collaboration, and inspiration. In cooperation with the Asian Real Estate Association of America (AREAA) Central Jersey Chapter, the summit aims to promote diverse perspectives and global connections in the real estate industry.
