Agents Backup offer Finance Purchase and sale agreement 
Marco Santarelli
APRIL 15, 2023
Make sure to speak with your real estate agent and legal counsel to ensure that you fully understand these terms and how they apply to your specific situation. When a buyer submits an offer to purchase a property, and the seller accepts that offer, the property is considered “under contract.”
HomeLight
JUNE 9, 2023
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. ” Step one: Talk to a few buyer's agents!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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. However, even if the seller receives a higher offer, they cannot accept it. Contingent Statuses.
Realty Biz
SEPTEMBER 14, 2021
In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). The seller has agreed to accept a contingent offer from the purchaser.
HomeLight
DECEMBER 31, 2020
You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?
HomeLight
NOVEMBER 1, 2021
If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. How is the appraised value of the home determined? What is an appraisal gap?
First Team Real Estate
NOVEMBER 9, 2020
In today’s active seller’s market with multiple offers, as a homebuyer, you need to make sure you’ve found an agent who’s truly committed to helping you find your next home at favorable terms. You deserve an agent who listens, understands, and develops a plan of action personalized to you.
Expert insights. Personalized for you.
52 
Let's personalize your content