Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. The original home is usually purchased at a discount.

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HomeLight

JUNE 9, 2023

.” So, what does contingent mean in real estate? A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met.

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Realty Biz

NOVEMBER 11, 2020

Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. If you are selling a home, there are also some ramifications you should know about as well. How your real estate agent markets your property when an offer has been accepted can have vital implications.

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Point2Homes

DECEMBER 8, 2020

But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. How is Contingent Different from Pending? Contingent Statuses.

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Purchase and sale agreement Backup offer Home sale contingency Short sale 145

RIS Media

APRIL 8, 2022

Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale. Real Estate appraisals are usually completed when homes are bought via mortgage loans. The clause is referred to as a home sale contingency. .

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Debt-to-income ratio Title search Backup offer Home sale contingency 144

Windemere Selling

NOVEMBER 30, 2022

The following information is meant to clarify some common real estate terms that describe a home for sale and its position in the closing process. For sellers, understanding this terminology will inform your conversations with your agent when it comes time to sell. What does contingent mean in real estate?

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Purchase and sale agreement Backup offer Home sale contingency Inspection 52

RIS Media

MAY 19, 2021

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. However, this is just the start with many things to do before the status changes to “Closed.” ” What do they mean and how will they affect your home sale? Pending Meaning.

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