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What Does Contingent Mean in Real Estate Sales

Realty Biz

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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What is a Contingent House Listing?

Point2Homes

Essentially, contingent listings still have contingencies to be fulfilled in order for the sale to go through, so the seller may still be open to other offers. It’s certainly possible that the home could come back on the market and, by getting in touch, you might be able to jump to the front of the line.

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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Contingent vs. Pending?

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Why Sellers Should Add a Kick-Out Clause to Avoid a Contingency Nightmare

HomeLight

In addition, some buyers (about 6% according to NAR’s most recent measure) will add a contingency to accommodate the fact that they need to sell their current home before purchasing yours. This is called the “home salecontingency. An ideal situation would be to receive an offer without a home sale contingency.

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What Is a Home Sale Contingency?

HomeLight

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

With nearly 96% of home buyers using the Internet to search for a new home — and 60% of their search conducted using a mobile phone — your home’s future owner might be just a few keystrokes or taps away. contingent,” so you can present your home accurately and still meet your selling goals. Selling your house soon?

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