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What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Common types of contingencies.

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

HomeLight

Things that could derail a sale during the sale pending period include: The home inspection. Contingencies that fail to be met or lifted. The buyer’s financing with a lender. Most buyers will add a number of contingencies to the contract, such as the home inspection, appraisal, and financing contingency.

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