Why should you review the financing contingency before sharing the offer news with the seller?

• A. So the seller can decide to extend deadlines
• B. The seller will expect you to have answers to their 20 questions
• C. It is required to log in the MLS
• D. It determines the legal description of the property

Answer: (B)

Understanding the financing contingency is about knowing exactly how the buyer plans to fund the purchase and by when the financing must be in place. When you review it before telling the seller, you can speak with confidence about whether the buyer’s financing is secured, what steps remain, and the timeline for removing the contingency. Sellers often have a lot of questions about financing—timelines, loan type, approval status, down payment, and what could delay closing. Being prepared with clear, complete answers to those common questions helps the seller feel confident that the deal can close and moves negotiations forward smoothly. It also signals you’re on top of the process and not guessing about whether the buyer can actually obtain financing. The other options aren’t the main reason: extending deadlines, MLS login requirements, or the legal description don’t hinge on reviewing the financing contingency.