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Contingencies - “Subject to” Clauses
The buyer obtaining specific financing from a lending institution: If the loan can't be found, the buyer won't be bound by the contract.
A satisfactory report by a home inspector: for example, "within 10 days after acceptance of the offer." The seller must wait 10 days to see if the inspector submits a report that satisfies the buyer. If not, the contract would become void. Again, make sure that all the details are explicitly stated in the written contract.
you're an all-cash buyer
you're already have a preapproved mortgage and you don't have a present house that has to be sold before you can afford to buy
you’re able to close and take possession at a time that is especially convenient for the seller
every month a vacant house remains unsold represents considerable extra expense for the seller
if the sellers are divorcing, they may want to sell quickly
estate sales often yield a bargain in return for a prompt deal