Contingencies are actions that must be met for a contract to become binding. Both the seller and the buyer must both agree to these terms.A buyer can also include a finance contingency when making an offer. A. The contract is contingent upon Buyer's receipt of the proceeds from the sale of Buyer's property at. (Address) on or before. A sales contingency is when you will need to sell your current home in order to close on the house you're offering to buy. The home sale contingency clause can be complicated to both structure and present to your buyer or seller. Housing Market Reports in Bexar County.