You’ve accepted an offer on your home—congratulations! But before the celebration starts, there’s a critical phase to get through: the contingency period.

This stage is one of the most important in the home selling process. It’s where the buyer takes a closer look at the home, secures financing, and confirms everything aligns with their expectations and the contract. It’s also the time where your deal is the most vulnerable—so having the right strategy and guidance is key.

What Is the Contingency Period?

After a buyer’s offer is accepted, they enter the contingency phase—a short window (usually 5 to 15 days, depending on the contract) where they complete inspections, finalize financing, and review disclosures.

If your home received multiple offers, the timeline may be shorter or include fewer contingencies, but most buyers still retain the right to conduct due diligence during this time.

What Can Happen During This Phase?

During the contingency period, several things occur behind the scenes:

  • 🔍 Inspections: The buyer may inspect the roof, HVAC, plumbing, and more. If issues are found, they might request repairs or a credit.

  • 📑 Disclosures Review: Buyers carefully review any known issues with the home.

  • 🏦 Appraisal: The lender will order an appraisal to determine the home’s market value. If the appraisal comes in lower than the agreed purchase price, the buyer may try to renegotiate—or walk away entirely.

Because lenders won’t finance above the appraised value, any difference would need to be made up by the buyer or adjusted in the sales price.

Can the Buyer Cancel During This Time?

Yes. If a buyer discovers something during their due diligence that they’re uncomfortable with—or if financing falls through—they can legally walk away and receive their deposit back, as long as it’s still within the contingency window. That’s why this period is so important to navigate carefully.

When Is the Sale Truly “Safe”?

The buyer’s deposit is only at risk once all contingencies are removed. That’s why I always advise my sellers not to start packing just yet. Once those contingencies are officially cleared, you can feel much more confident that the closing is on track.

The Role of Your Agent

This is where experience matters. A strong listing agent will:

  • ✅ Vet buyer offers carefully

  • ✅ Communicate proactively with the buyer’s agent and lender

  • ✅ Track every deadline to ensure nothing slips through the cracks

Selling a home in the St. Pete or Tampa Bay area takes more than listing it—it requires strategy, timing, and expert communication throughout the entire transaction.

If you’re thinking about selling your home, I’d love to guide you through the process and make sure you’re protected every step of the way.

Tiffany McAlister
Luxury Real Estate Specialist | Dream Living Florida
📞 727-418-5756
📧 tiffany@dreamlivingflorida.com
🌐 @tiffanydreamlivingfl
🖤 Turning your dream real estate goals into reality.

Realty One Group Sunshine