Contracts
What is an Ohio home sale contingency and how does it affect the seller?
AThe seller must wait for the buyer to sell their home
BA contingency making the purchase dependent on the buyer selling their existing home, which creates uncertainty for the seller✓ Correct
CA requirement that all buyers be pre-approved
DA standard contingency with no seller impact
Explanation
A home sale contingency makes the purchase contingent on the buyer successfully selling their existing property. While it allows buyers to avoid owning two homes, it creates uncertainty for sellers who may include a 'kick-out' clause allowing continued marketing.
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