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What Does Contingent Mean in Real Estate Sales

Realty Biz

When a home sale is listed as contingent, it means that the seller has accepted an offer with contingencies. This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. The home could be subject to a few different types of contingency.

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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. However, this is just the start with many things to do before the status changes to “Closed.” ” What do they mean and how will they affect your home sale? Appraisal Contingencies.

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

HomeLight

Before diving into the ins and outs of the kick-out clause, let’s talk a little bit about contract contingencies. In real estate, a “contingentoffer means that one or both parties have requested certain provisions before the deal closes. This is called the “home salecontingency.

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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.