How Long Do Contingencies Last in a Real Estate Contract?

Contingencies come with time limits — deadlines that keep a real estate transaction moving. Knowing how long inspection, appraisal, and financing contingencies last can help you plan your closing and avoid costly delays.

⏳ Typical Contingency Timelines

  • Inspection Contingency: Usually 5–10 business days after contract acceptance. This gives the buyer time to schedule a professional inspection and request repairs if needed. See what an inspection contingency means.
  • Appraisal Contingency: Typically 10–14 days. The appraisal must confirm the property’s value meets or exceeds the purchase price before financing proceeds. Learn more about real estate appraisals.
  • Financing Contingency: Commonly 21–30 days. Buyers must secure loan approval within this timeframe or risk defaulting. Review financing contingency details.

💡 What Affects Contingency Deadlines?

Not all contracts are the same. Factors that can influence contingency periods include:

  • Local market conditions: In hot markets, sellers may push for shorter deadlines.
  • Lender speed: Mortgage underwriting delays can extend financing contingencies.
  • Property type: Older homes or complex properties often require longer inspection windows.
  • Negotiation strategy: Both parties can agree to modify deadlines during contingency negotiations.

⚠️ What Happens If a Contingency Deadline Expires?

If a buyer fails to act before the contingency deadline, the contingency is considered waived. That means they lose the right to cancel the contract without penalty. Sellers may also issue a “Notice to Perform,” giving buyers 48–72 hours to satisfy conditions or risk termination. See legal risks of waiving contingencies for more detail.

🏁 How Sellers Can Shorten Contingency Periods

  • Set clear, firm deadlines in your purchase agreement.
  • Request proof of pre-approval from buyers before accepting offers.
  • Offer incentives for faster inspections or appraisals.
  • Work with a broker or FSBO platform that helps manage timelines — like Brokerless.

Stay on Schedule with Brokerless

Brokerless helps FSBO sellers list on the MLS and stay on top of every step — from contingency management to closing — without paying 6% commission.

View Flat Fee MLS Plans