Class Details
Contingencies & Beyond
You can think of contingencies as lurking monsters that may spring up to swallow your deal. Contingencies are better thought of as potential exit ramps that allow your client to feel comfortable signing the contract. More deals happen because of contingencies than despite contingencies.
Did you know Colorado’s form real estate sales contract has 16 pre-printed contingencies and that Parties can add additional contingencies?
Learn how to dodge the monsters and manage the exit ramps to get deals closed.
What You’ll Learn:
-Understanding Contingencies: What they are, how they function, and why they matter in every real estate deal.
-Buyer vs. Seller Contingencies: Key differences and how each side can use contingencies to their advantage.
-Avoiding Pitfalls: Learn about the most common non-contingencies and how to avoid getting caught in contractual traps.
-Strategic Drafting: Get the secrets to crafting custom contingencies that provide clear advantages and avoid “blank check” liabilities.
-Practical Applications: Real-world examples and strategies for navigating and negotiating complex contingency scenarios.