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What Does Contingent Mean in Real Estate Sales

Realty Biz

How your real estate agent markets your property when an offer has been accepted can have vital implications. For example, some agents will mark your home contingent, while others will mark pending. Will the buyer have an exceptional real estate agent? In real estate jargon, this is referred to as a “backup offer.”

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10 Things to Know About the ‘Sale Pending’ Phase, aka House Closing Limbo

HomeLight

Real estate agents keep an eye on sales pending properties because there are a number of ways that the deal could fall through and the house could come back on the market. Even downstate New York is done differently than upstate New York,” advises Christine Marchesiello , a Move Safe Certified agent located in the Albany, NY area.

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