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

HomeLight

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 Financing contingencies. And if you can’t get financed for the house, you won’t still be obligated to buy it — a big benefit!

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

HomeLight

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. Buyer encounters financial trouble and their financing falls through. Title work reveals unresolved issues. Line up backup offers to hedge your risk.

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