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What Does Contingent Mean in Real Estate Sales

Realty Biz

For example, if a home sale is contingent or pending, can you still make an offer? 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. How your real estate agent markets your property when an offer has been accepted can have vital implications.

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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Pending Meaning.

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What Happens After Making an Offer on a House?

Windemere Buying

However, celebrating at this stage in the buying process could leave you heartbroken if your offer isn’t accepted. So, what happens after you make an offer on a house? Revealing what goes on behind the curtain in this critical stage of the buying process will help you understand what to expect next.

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

HomeLight

Let’s sort through how potential buyers and their agents view statuses such as “real estate pending” vs. “contingent,” so you can present your home accurately and still meet your selling goals. Learn More Contingent or pending, you’re under contract! Enter the difference between “contingent” and “pending.”

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Can a Seller Back Out of a Real Estate Contract Without Repercussions?

HomeLight

It’s not unheard of for sellers to receive higher offers after signing a purchase agreement and want to back out of the contract. Typically, the seller’s agent stops accepting offers once the home is pending sale. However, it’s often a good idea to table backup offers, which may come into play if the sale falls through.