Remove As-is Remove Backup offer Remove Home sale contingency
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7 Common Contingencies in Real Estate That Buyers Should Know

Redfin

For instance, when buying in areas prone to wildfires, like Los Angeles , including a home insurance contingency can be a smart move to ensure the property is insurable. This Redfin article explains how contingencies work, which ones to expect, and how they help you avoid costly setbacks during the homebuying process.

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Can a Seller Accept Another Offer While Under Contract?

Redfin

Key takeaway: Once a home is under contract, the seller is legally bound to the agreement and cannot accept another offer – unless specific clauses or contingencies allow it. When a house goes “ under contract ,” most buyers assume the deal is sealed – but can a seller accept another offer while under contract?

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What Is a Bumpable Buyer? How Bumpable Offers Impact Your House Hunting

Redfin

You’ve found a home you love, but the listing says “bumpable buyer.” A bumpable buyer is a homebuyer whose offer is accepted but contingent on selling their current home. While the home is under contract, the seller can still accept other offers, potentially “bumping” the first buyer if a better offer comes in.

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. Jeremy Foster: The traditional home purchase process for homeowners is broken.

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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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What is a Contingent House Listing?

Point2Homes

When searching for the ideal home, expect to encounter a few issues along the way, such as homes listed as contingent. But, what does contingent mean and how does it affect your purchase? A home listed as contingent means the seller has accepted an offer. How is Contingent Different from Pending?

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What Does Contingent Mean in Real Estate Sales

Realty Biz

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?