Financing, inspection, appraisal and home sale Contingent in Real Estate are common contingencies in real estate. A financing contingency will make sure the buyer gets a mortgage and an inspection contingency will enable the buyer to inspect whether there are problems with the property. The value of the property should be equal to the purchase price; this is done through appraisal contingencies. A contingency of a home sale implies that the buyer has to sell his/her house beforehand. These conditions guarantee buyers against unforeseen risks and enable them to back out of the transaction in case of failure in the terms.