Yes title insurance and property inspection and all that, but that is down the road and takes place during escrow and then covered at closing. The point is that if he puts a downpayment down now with no loan contingency and those things end up causing the financing to fall through during escrow...it happens plenty of times ... then the deal is off and he's out his downpayment unless he wants to finance it himself. If a seller insisted on no loan contingency then the only way I'd ever agree to the deal is to have the seller agree to private financing (having the seller give me the loan) should the bank not come through.