Buyers • June 24, 2025

Planning Ahead: A 12-Month Guide to Buying Your First Home

by Don Koonce

Thinking about buying a home can be daunting, especially if it’s your first time. What should be an exciting milestone can feel overwhelming without a clearly defined roadmap, and diving in headfirst without a solid plan can lead to unnecessary stress, financial surprises, and missed opportunities. However, by establishing a timeline and breaking the process down into manageable steps, you can move forward with confidence and clarity.

Here is your month-by-month guide to preparing for a successful home purchase in the following year.

12 – 10 Months Out

Know Your Why

Understand your motivation for buying. Are you relocating, growing your household, or ready to invest in your future? Clearly defining your “why” will help shape your search criteria and influence your budget, location, and timeline.

Set Clear Goals

Start to think about what you want in your new home. Create a list of your wants versus must-haves, including location, budget, size, and style of home. These goals will act as a compass throughout your search. Be sure to include your ideal timeline and what you hope to get out of the overall experience.

Find an Agent That Prioritizes Your Goals and Timeline

A trusted real estate agent is more than just a facilitator; they’re a guide, negotiator, and advocate. Look for someone who understands your timeline and long-term vision and is familiar with the local market. Ask them to provide a first-time buyer’s guide or checklist to help you get started. Building this relationship early allows your agent to understand your needs and preferences in advance, setting the stage for a smoother process when you’re ready to make your move.

9 – 7 Months Out

Assess Your Finances

Take a close look at your income, debt, and spending habits. Use this time to create a monthly budget that includes future mortgage payments, utilities, insurance, taxes, and home maintenance. Many experts recommend spending no more than 28% of your gross monthly income on housing costs.

Boost Your Credit

Your credit score has a significant impact on your buying power, including your mortgage rate and loan approval. Take the next few months to pay down high-interest debt, stay current on all payments, and avoid opening new credit accounts. Check your credit report for errors and work on improving your score if needed.

Start Saving

You’ll want to have enough set aside not only for a down payment, which is typically 3% to 20% of the purchase price, but also for closing costs, moving expenses, and initial home repairs or furnishings. During this time, try to avoid nonessential major purchases and think about setting up a dedicated home savings account to stay consistent.

6 – 4 Months Out

Talk to a Financial Advisor

A financial advisor can help you align your financial goals with your homebuying plans. They can offer advice on what you can realistically afford and help identify areas to strengthen your financial readiness. You can also use tools like an online mortgage calculator to get a clearer idea of what your future monthly payments might look like.

Research Homebuyer’s Courses & Guides

Take advantage of first-time homebuyer resources, guides, and online courses. The more you know earlier on, the more confident you’ll feel.

3 – 2 Months Out

Familiarize Yourself with the Market

Start browsing homes and monitoring prices in the neighborhoods you’re interested in. Learn whether your local market is currently favoring buyers or sellers and what that could mean for your strategy.

Meet with a Lender and Get Pre-Approved

Meeting with a lender and getting pre-approved can help give you a clear picture of how much you can borrow and what price range to shop within. It also shows sellers that you’re a serious buyer when the time comes to make an offer. Your realtor can recommend trusted lenders to work with and assist you through this process.

Start Your Home Search

Now that you have your list of wants and needs and know your price range, you’re ready to start searching for your dream home. Use online property research tools to filter by location, features, and price to see what’s available in the locations you like. Narrow down your top homes and start scheduling showings and comparing listings.

1 Month Out

Make an Offer

Once you find “the one,” your agent will help you craft a competitive offer, negotiate terms, and guide you through contingencies.

Get a Home Inspection
If your offer is accepted, a licensed inspector will identify any issues with the property before you finalize your purchase. Depending on what comes up, this can give you leverage to negotiate repairs or price adjustments.

The Time Has Come

Closing On Your New Home
You’ve made it! During closing, you’ll sign paperwork, pay final costs, and receive the keys to your new home. Your agent and lender will walk you through the final steps to ensure everything goes smoothly.

Buying a home may seem like a big leap, but with a solid 12-month plan and the right support, it can be an extremely rewarding experience. Take it one step at a time and know that a trusted agent is here to help whenever you’re ready.

Living • June 19, 2025

How to Create a Balcony Garden

by Don Koonce

Gardens come in all shapes and sizes. For those who don’t have a flourishing backyard with acres of greenery, you’ve got to make do with the space you have to satisfy your inner green thumb. Creating a balcony garden can bring life to your terrace and give you some healthy options to add into your cooking. By plotting out the space, researching which plants will thrive on your balcony, and gathering the right materials, you’ll set yourself up for gardening success.

How to Create a Balcony Garden

First, consider your space. The amount of sunlight your balcony gets will determine what you’re able to grow and how quickly your garden will grow. Crops like tomatoes and strawberries need lots of sun to grow up healthy, while others like peas and herbs can still thrive in less sunlight. If your balcony is sunlight-deprived, you may need to invest in a grow light to give your plants the light they need.

How to Plant an Herb Garden

What are your goals for your balcony garden? Are you looking to build out your collection of natural herbs or do you want to turn your terrace into your own personal exotic oasis? Whether your motives are culinary or aesthetic, planning out your garden will help you maximize space. Hanging and stack planters allow you to create a vertical garden, which helps save space. Climbing plants like honeysuckle, ivy, ferns, and different varieties of vines are perfectly suited for this kind of garden design. Before hanging any planting pots, hooks, trellises, shelves, or any kind of gardening equipment, check your governing Homeowners Association (HOA) policies to make sure your plans are within the rules.

Image Source: Getty Images – Image Credit: AleksandarNakic

Keep Your Plants Healthy

With any garden, your main concern is keeping your plants healthy. This means giving them plenty of water, treating your soil with care, and keeping up with seasonal demands depending on your local climate. If you’re looking to save money on your balcony gardening project, don’t focus your frugal efforts on soil. Soil is the lifeblood of your garden, so it’s important to give it a fresh, nutrient-rich mixture. Once you’ve selected your plants, research their needs to see which potting mix you need to pick up at your local gardening or hardware store. Depending on the chemical makeup of the potting soil, you may not need to fertilize your plants right away.

With a balcony garden, it’s also important to keep your neighbors happy. Put saucers underneath your pots to prevent excess water from dripping onto the neighbors beneath you. This will also cut down on wasted water, one of the main principles of sustainable gardening. Self-watering pots are helpful, especially if you’re not always around to water your plants. They prevent overwatering by metering the amount of water your plants receive, only feeding them when necessary.

You also need to consider how much weight you’re adding to your balcony. Yes, terra cotta pots have that quintessential Tuscan gardening look, but a dozen ceramic pots filled with water-soaked plants might bear more weight on your terrace than it’s prepared for. Look at more lightweight potting alternatives and different soil mixtures than can lighten the load on your balcony.

For more information on making the most out of your garden, read our blog post on urban farming:

A Quick Guide to Urban Farming

Featured Image Source: Getty Images – Image Credit: ibnjaafar

Architecture • Design • June 17, 2025

Pueblo Revival Architecture and Its Timeless Southwestern Charm

by Don Koonce

Pueblo Revival architecture is one of the most distinctive and enduring styles in the American Southwest. With its warm stucco walls, rounded edges, and earthy materials, it’s a look that’s both culturally significant and inviting. Rooted in Indigenous and Spanish colonial traditions, this style has evolved over time while remaining closely tied to the landscape and climate it was originally built for. Today, Pueblo Revival homes continue to charm homeowners with a timeless design and unmistakable Southwestern character.

Origins and Historical Significance

Pueblo Revival architecture has roots that run deep, drawing inspiration from the Indigenous Puebloan communities and early Spanish settlers of the Southwest. This blend of cultures creates structures that reflect a centuries-old tradition of building in harmony with the environment. Built to thrive in arid climates, these homes feature thick walls made from adobe or stucco, which helps keep interiors cool during the day and warm at night.

It’s a design ideally suited for the desert, where water isn’t abundant, and staying comfortable means working with, not against, the elements. Spanish influences brought the use of wood, while the earthy colors mirror the atmosphere. Today, you’ll find Pueblo Revival homes across Arizona, New Mexico, California, and beyond, each one a testament to Southwestern living.

Key Features and Design Elements

Pueblo Revival design, also known as Santa Fe and Southwestern, is easy to spot and even easier to love. Here are some hallmark elements:

Walls are typically built with adobe, stucco, or sun-dried mud.
Flat or low-pitched roofs with parapets.
Rounded corners and soft edges create a gentle, organic feel.
Neutral and earthy color palettes inspired by the desert landscape.
Large Spanish-inspired wooden doors, exposed beams, and vigas add warmth and texture.
Small, deep-set windows.
Porch posts and covered patios provide shade from the desert sun.

Modern Interpretations and Living Spaces

Today, Pueblo Revival homes continue to evolve, embracing modern conveniences while staying true to their roots. Many still feature signature elements like exposed wood beams, earth-toned exteriors, and textured finishes. Thoughtful landscaping and eco-friendly materials continue to help these homes blend seamlessly with the surrounding desert environment.

Inside, you’ll often find interiors that echo the home’s Southwestern heritage in subtle and loud ways. Handcrafted pottery, cactus plants, woven textiles, and other nods to regional artistry bring warmth and character to the space. Rich desert-inspired hues like terracotta, sunset red, adobe orange, and golden yellow are often paired with earthy neutrals to create depth. Vibrant accent colors like turquoise or deep blue add a touch of contrast, reflecting the natural beauty of the landscape. The result is a space that feels grounded, soulful, and full of life.

Explore our guide to Southwestern interior design for more inspiration.

Pueblo revival homes are a celebration of history, craftsmanship, and natural beauty. Whether you’re captivated by their timeless charm or drawn to their modern interpretations, these homes offer a well-balanced, organic lifestyle that’s always in style.

Real Estate News & Information • June 12, 2025

Local Market Update – June 2025

by Don Koonce

May brought a continued surge in housing inventory across the Puget Sound, with active listings reaching their highest levels since 2018. While buyer activity showed some seasonal momentum, it continued to lag behind the influx of new listings, suggesting that many buyers are staying on the sidelines as interest rates hover near 7%. Still, early signs of price stabilization and greater selection suggest new opportunities could be emerging. Whether the market continues this trajectory remains an open question in the months ahead.

Last month, the Eastside saw a year-over-year drop of 4% in the median residential sold price, settling at $1,633,500. Inventory more than doubled, rising 103%, but demand didn’t keep pace. Pending sales dipped 4%, and closed sales fell 18%. Still, homes moved quickly – 88% sold within 30 days or less. The area’s median condo price declined 3% to $728,400, and active listings jumped 129%.

King County home prices dipped 1% compared to last May, falling to a median of $989,000. Active listings surged 58%, continuing several months of strong inventory growth. But buyers remained cautious – pending sales declined 1%, and closed sales fell 14%. In King County’s condo market, the median price dropped 4% to $569,900, while active condo listings rose 57%.

May’s median sold price for a single-family home in Seattle rose 5% year over year to $1,010,650. Active listings climbed 44%, reflecting increased seller activity. Pending residential sales increased 8%, but closed sales dropped 19%, underscoring buyer hesitancy. For the city’s condos, the median price fell 4% to $573,250, while active listings increased 37%.

Snohomish County was the only region to post gains in both pending and closed residential sales last month, each up 1% year over year. The median residential sold price inched up 1% to $833,000. Active listings rose 54%, offering buyers more choices in a relatively affordable market – possibly a factor in the modest increase in sales activity. In the county’s condo segment, the median price fell 12% to $489,975, while active listings soared 118%.

As we head into summer, the gap between rising inventory and measured buyer demand will be a key trend to watch. Whether increased supply leads to further price softening may depend on how buyers respond to ongoing economic pressures. In a fast-moving market like this, having the right guidance is essential. Connect with a Windermere advisor today for expert insights tailored to your real estate goals.

Click here to read more.

Living • June 10, 2025

6 Natural Cleaning Solutions for Your Home

by Don Koonce

The last thing you want to do when cleaning your home is spread chemicals around; your house won’t be as clean, and it can pose risks for the health of your household. Organic home cleaning products reduce this risk by relying on natural ingredients that can often deliver a deeper cleanse. You can find cleaning solutions like these browsing the aisles at your local grocery store. Here are a few common cleaning methods and how to apply them around your home.

6 Natural Cleaning Solutions for Your Home

1. Clean with Lemons

When life gives you lemons…clean! And then once your home is sparkling clean, make lemonade with the leftovers. Lemons are not only delicious in food and drinks, but their chemical makeup is tailor-made for cleaning your home. Mixing lemon juice and baking soda makes a powerful cleaning solution that can tackle most cleaning chores normally performed with a sponge. When combined with soap, baking soda, and water, lemons can also be an effective degreaser. Find a recipe online and get to cleaning naturally!

7 Tips for Cleaning Your Appliances

2. Use Vinegar to Clean Your Home

Beyond its culinary uses, vinegar is a fantastic cleaning aid for homeowners. Most people know it can clean, deodorize, and eliminate stains, but did you know it can eliminate small pockets of mold growth, too? Homemade cleaning recipes involving vinegar call for an equal-parts distillation with water. Once you’ve created your mix, go to town on the various surfaces throughout your home—bathroom sink, toilet, stovetop, countertops, etc.—and watch the cleaning magic take place. Test your mixture before application to make sure it doesn’t damage your surfaces.

How to Prevent and Deal with Mold

3. Clean with Baking Soda

No kitchen cabinet is complete without a box of baking soda. Run half a cup of baking soda through your drains with hot water periodically to keep them from clogging. Add a few dashes on your sponge to supercharge your scrubbing efforts and save some elbow grease. Let it sit on greasy kitchen pans and pots for a few minutes before doing the dishes and watch the food gunk disappear. It can even polish metal, clean your shower, and absorb unwanted odors throughout your home. It truly is the natural cleaning solution with 1,001 uses.

5 Pet-Friendly House Cleaning Tips

Image Source: Getty Images – Image Credit: PeopleImages

4. Clean with Salt at Home

Salt is a staple of home life, but it can do more than garnish your meals. Indoors, it can help you with everything from removing coffee and wine stains to quickly cleaning up food spills in the kitchen. Simply sprinkle salt on the areas where food has spilled, let it sit for five minutes, and clean the mess away like magic. Another handy homeowner tip: mix 1 teaspoon of salt with a few drops of water to form a paste that can be used to remove rings left by glasses, mugs, and cups on wood.

5 Ways to Create a Sustainable Kitchen

5. How to Clean with Olive Oil

You’ve drizzled it on your salads and cooked with it, but did you know you can use olive oil to clean your home, too? By combining olive oil, vegetable oil, and a teaspoon of salt, you can quickly whip up a natural, tough-acting cleaning solution that will clean up the most resistant food spills in the kitchen and beyond. It can even polish wood furniture with a recipe of two parts olive oil and vinegar to one part lemon juice. Finally, you can clean your stainless-steel appliances with a little olive oil and a microfiber cloth.

13 Appliance Tips & Hacks for Household Chores

6. Cleaning with Coffee Grounds

They’re not just part of your morning routine; coffee grounds can be one of the most helpful cleaning solutions. Coffee grounds are naturally coarse, making them an effective cleaning agent for wiping away grease and grime without scratching the material underneath. Combine a few scoops of coffee with warm water to clear debris from your pots, pans, and grill grates. Add a little soap to the mixture to get those pots and pans sparkling clean.

7 Tips for Sustainable Living at Home

For more home cleaning tips, plus info on remodeling, home security, and more, visit the Living category of our blog:

Windermere Blog – Living

Featured Image Source: Getty Images – Image Credit: LaylaBird

Living • June 5, 2025

Tips for Home Pest Control and Prevention

by Don Koonce

Any evidence of a pest infestation is a bad omen for homeowners. The last thing you want on your mind is the thought that critters could be crawling through your home, wreaking havoc as they go. Being proactive about home pest control can help you prevent an infiltration, and knowing what to do at the first signs of pest activity will help you limit the damage they cause.

Tips for Home Pest Control

Being a homeowner comes with the responsibility of protecting your property. Whether it’s a home security system to deter home burglaries, regularly cleaning to prevent mold growth, or testing for asbestos, you’ve got a lot on your plate. But these aren’t just nagging to-do-list items, they are important proactive steps that will help you avoid costly repairs. Preventing pests is no different; even the smallest bugs can do big damage. So, how do you stop them?

The best defense is a good offense, and keeping pests from getting inside will help reduce the damage they can cause. Though you may not be able to shut out every single bug, you can make it difficult for them. Cover holes with durable materials like steel wool and copper mesh to keep them out. Check all the seals and weatherstripping around your doors, windows, and on your roof, re-caulking as necessary to make them airtight, and patch up sections of torn window screens with new screen material. The gardener in you may enjoy the flourishing look of your plants, trees, and shrubs fully grown out, but if they’re touching your home’s siding or roof, it’s basically a highway express lane for pests headed indoors. Trim all landscaping away from your home to limit pest traffic and reduce your chances of them causing damage to your home.

Image Source: Getty Images – Image Credit: StepPro

DIY Pest Control

Extra garbage, leftover food, and plumbing leaks will attract pests. Regularly take out your trash and dispose of compostable food scraps to keep the bugs at bay. If a leak springs, it’s like a magnet for certain pests looking to capitalize on the damage. This emphasizes the importance of taking steps to prevent water damage in your home and quickly repairing leaks when they happen.

If you plan to use pesticides in your home to deter ants, bugs, and other pests, do so safely. Visit the Environmental Protection Agency (EPA) online for tips on how to correctly use pesticides in your home.

You can also use common pantry items to deter pests. A mixture of water and an essential oil like peppermint, lemon grass, or cedarwood sprayed along windows and doorways is a natural way to repel bugs. A little apple cider vinegar with dish soap in a small cup will help you attract and catch fruit flies, whipping up a quick white vinegar-and-water mixture will quickly clean up messes pests leave behind, and the strong smell of coffee grounds is powerful enough to stop them in their tracks. Learn more about how these food products can help you get your home sparkling clean:

6 Natural Cleaning Solutions for Your Home

If pests have gotten in your home and started causing damage, it very well may be too late for DIY preventative measures like these. In these situations, it’s best to contact a local licensed professional to exterminate as needed. Depending on the extent of the damage, you may be temporarily displaced from your home. Be sure to plan ahead if that’s the case.

For more information on home maintenance, read the following blog post on preventing mold growth:

How to Prevent and Deal with Mold

Featured Image Source: Getty Images – Image Credit: AndreyPopov

Design • June 3, 2025

5 Defining Elements of Moroccan Interior Design

by Don Koonce

For centuries, Morocco has captivated people from around the world with its rich tapestry of culture, art, and unmatched design. From the lively souks of Marrakech to the serene riads of Fes, Moroccan interiors tell a story of intricate craftsmanship, vibrant colors, and a blend of tradition and global influence.

In this post, we’ll look at the influences behind Moroccan design and explore how you can bring its distinct style into your home.

Influences of Moroccan Design

Moroccan interior design is rooted in ancient tradition and draws from various cultural influences, including Berber, Arab, Mediterranean, and Moorish. This fusion creates a warm, layered aesthetic that pairs detailed patterns with earthy textures and natural materials. You’ll often find colorful tilework, bold textiles, and handmade pieces that reflect centuries of artistry and heritage. And though this style is steeped in history, it remains timeless, seamlessly blending into modern homes while adding warmth, character, and a global touch to any space.

Key Elements of Moroccan Interior Design

Vibrant Colors

Moroccan design is synonymous with a vibrant and expressive color palette. Think of the dazzling blues of Chefchaouen, the rich reds and oranges of Marrakech, or the natural greens found in traditional gardens. Don’t be afraid to experiment with jewel tones like emerald green, sapphire blue, and ruby red, which you can balance with more neutral tones like terracotta, cream, and black to create a harmonious blend that pops. Even the most muted Moroccan room will feature a splash of something bold, whether in the tiles, lanterns, or layers of fabric.

Layered Textures

From olefine and wool rugs to carved wooden furniture and hand-woven baskets, texture is everywhere in Moroccan interiors. Plush, overstuffed cushions and floor pillows bring comfort to seating areas, while airy curtains soften windows and doorways. The thoughtful use of natural materials like clay, metal, leather, and stone gives each space a grounded, organic feel. This layered approach, combined with the intricate patterns and ornate detailing, provides a richness and depth that defines Moroccan design.

Mosaic Tilework

One of the most recognizable elements of Moroccan design is its stunning mosaic tilework, known as zellige. These hand-cut, geometric tiles are meticulously arranged to form intricate patterns that adorn walls, floors, and fountains. Each zellige piece is a testament to centuries-old craftsmanship, bringing a unique sense of artistry and a cool, refreshing feel to any space. Tiled floors are frequently layered with Persian or Berber rugs. At the same time, fireplaces, kitchen backsplashes, and bathroom walls may feature elaborate tilework that feels artistic and architectural. Incorporating zellige in your home, whether as a subtle accent or a vibrant statement, can instantly infuse an authentic touch of Moroccan design.

Riads and Courtyards

The word “riad” means “garden” in Arabic. In Moroccan architecture, a riad refers to a traditional home built around a peaceful interior courtyard. These courtyards are often the heart of the home, featuring tiled fountains, lush greenery, and shaded sitting areas. To replicate this feeling, consider making a designated “courtyard” area in your home by incorporating a small water feature, a collection of plants, and comfortable seating that fosters a sense of tranquility and connection to the outdoors.

Artisan Accessories

No Moroccan interior is complete without a variety of handcrafted accessories. From ornate brass lanterns and pierced-metal sconces to hand-thrown pottery and embroidered pillows, each piece tells a story that celebrates Morocco’s deep tradition of craftsmanship, giving your space a layered, lived-in feel that reflects both style and soul.

By bringing these 5 key elements into your home, you can create a space that feels soulful, timeless, and uniquely yours. For more design inspiration, tips, and trends, visit the design section of my blog.

Interior Design • May 29, 2025

Protecting Your Home’s Air Quality

by Don Koonce

Most of us tend to think of air pollution as something that occurs outdoors where car exhaust and factory fumes proliferate, but there’s such a thing as indoor air pollution, too. Since the 1950s, the number of synthetic chemicals used in home products have increased drastically, while homes have become much tighter and better insulated. As a result, the EPA estimates that Americans, on average, spend approximately 90 percent of their time indoors, where the concentrations of some pollutants are often two to five times higher than typical outdoor concentrations.

Luckily, there are many ways to reduce indoor air pollution. We all know that buying organic and natural home materials and cleaning supplies can improve the air quality in our homes, but there are several other measures you can take as well.

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Living • May 27, 2025

What Goes Into Owning a Waterfront Home?

by Don Koonce

A waterfront home offers surroundings unlike any other. Their prime locale and stunning views virtually guarantee a lifetime of relaxation, waterfront get-togethers, and summer nights under the stars. Waterfront homes have great potential as investment properties as well. But for all the perks waterfront homeownership offers, it comes with its own set of responsibilities, too.

Should I buy a waterfront home?

Beyond the lifestyle benefits, owning a waterfront home also has a significant financial upside. Because waterfront properties are more scarce than landlocked homes and their location is highly desirable, the buyer demand is generally high. As a homeowner of these special properties, you can rest assured that a well-maintained waterfront home will generate significant buyer interest when you’re ready to sell. A property with any combination of water views, boat slips, docks, and water access is a recipe for appreciation over time.

A waterfront property is a popular choice for homeowners who are in the market for a second home, or even as a primary residence for those looking to eventually move into their vacation home when the time is right. They’re also primed for converting into a short-term rental. Due to their location, they have a competitive advantage over many other short-term rentals. Depending on the local laws and any relevant Homeowners Association rules, waterfront homes can be rented out year-round or seasonally. For example, if you decide to rent out your home during the summer, you’re able to capitalize on seasonal demand.

Designing Your Rental to Feel Like Home

Image Source: Getty Images – Image Credit: bradwieland

Owning a waterfront property also comes with extra risks you’ll need to keep in mind. Weather conditions can be extra harsh on these homes, given the fact that they’re situated face to face with nature in a way most homes aren’t. Make sure you have proper coverage through your homeowners insurance policy and inquire about the need to purchase additional wind, flood, or hazard coverage. Local climate dictates what a comprehensive coverage plan will look like for your home, but what’s important is that you’re fully covered.

Something else to keep in mind is that beyond the typical tasks associated with owning a home, waterfront structures like retaining walls, boat lifts, and docks require a certain amount of ongoing maintenance. As the seasons change, so will your responsibilities as a homeowner. Properly winterizing a waterfront property requires a few additional steps beyond the typical routine, depending on how low temperatures dip during winter in your area.

Featured Image Source: Getty Images – Image Credit: Markanja

Buyers • May 22, 2025

Real Estate Contingencies: What They Are and Why They Matter

by Don Koonce

Imagine a home-buying scenario where you make an offer, the seller immediately accepts, and everything goes smoothly until you’re handed the keys. It’s possible, but more often, buying a home involves negotiation, counteroffers, and a back-and-forth dialogue between buyer and seller to reach a deal. And in some cases, the deal can fall through.

That’s where contingencies come in.

Contingencies are built-in protections within a real estate contract. They help both buyers and sellers navigate the natural ups and downs of the home-buying process by setting clear conditions that must be met for the sale to go through. For buyers, they also provide important safeguards, along with strategic tools to shape and strengthen their offer. Whether you’re a first-time home buyer or you’ve bought before, you should be aware of common real estate contingencies and the role they play in making an offer on a home.

Making a Contingent Offer on a Home

Once you and the seller agree on the price of a home, both parties have certain responsibilities before closing. Buyers are responsible for securing financing, scheduling a home inspection, and getting the property appraised. Sellers are responsible for prioritizing the offer on the table and opening their doors to the home inspector when the time comes. The agreed-upon contingencies included in the contract define what happens if something doesn’t go as planned.

Contingencies present a spectrum of options to home buyers, allowing them to walk away from a real estate transaction with their earnest money intact or renegotiate the contract. And while including contingencies offers protection and negotiation leverage, removing them can be an effective strategic move too, especially in a competitive market.

In a seller’s market, competition amongst buyers is high, and they often face multiple-offer situations. It’s not uncommon to see escalation clauses, bidding wars, and all-cash offers as buyers try to stand out and strengthen their position. To sweeten their offers in such market conditions, buyers will typically waive their contingencies. However, while waiving contingencies can make for a more attractive offer, it also presents increased risk due to lack of protection. That’s why it’s necessary to understand each contingency and carefully consider what makes the most sense for your situation.

Common Real Estate Contingencies

Home Inspection Contingency

After you’ve made an offer, a professional home inspector will thoroughly examine the property before the deal is finalized. If issues are uncovered, this contingency allows you and your agent to request repairs, present the seller with a new offer that accounts for the home’s lessened condition, or cancel the contract entirely.

Financing Contingency

Also known as a “mortgage contingency,” a financing contingency gives the buyer a specified period of time to secure adequate financing to purchase the home. Even if you are pre-approved for your mortgage, you may not be able to obtain the right loan for the home. If you are unable to finance the purchase, this contingency allows you to back out of the contract and recover your earnest money, and the seller can re-list the home.

Appraisal Contingency

An appraisal contingency states that the home must appraise for, at minimum, the sales price. In other words, it is to make sure the home is worth the agreed-upon price. It allows you to walk away from the deal if the property’s appraised value is lower than the sales price and typically guarantees that your earnest money will be returned.

Home Sale Contingency

If you’re buying a new home while selling your current one, you may want to include a home sale contingency in your offer. This contingency specifies the date by which you’ll need to sell your current home in order to move forward with your offer. If you don’t sell your home by the specified date, the contract is terminated. Home sale contingencies are financially appealing in that they allow buyers to use the proceeds from their home sale to fund their new home purchase. However, these contingencies force sellers to wait until the buyer’s current home sells, which means they likely won’t accept such offers in competitive markets.

Title Contingency

Before the sale of a home goes final, a search will be performed to ensure that any liens or judgments made against the property have been resolved. A title contingency allows you to raise any issues you may have with the title status of the property and stipulates that the seller must clear these issues up before the transfer of title can be completed. If an unpaid lien or unpaid taxes turn up in the home’s title search, this contingency also allows you to back out of the deal and look for another home.