Contracts
A purchase contract contains a condition requiring the buyer to sell their current home before closing. This is known as a:
AFinancing contingency
BInspection contingency
CHome sale contingency✓ Correct
DAppraisal contingency
Explanation
A home sale contingency makes the purchase of the new property conditional upon the buyer successfully selling their current home. Sellers may accept such an offer with a 'kick-out clause' allowing them to continue marketing.
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