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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. They will also get their earnest money deposit back , and the home will go back on the market.

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How to Win a House Negotiation: 9 Expert Tactics for Home Sellers

HomeLight

Whether it’s dealing with price negotiations or determining a timeline for closing and moving out of the property, you’ll want to step into the process already knowing your objectives and what to expect from prospective buyers. Price your house right to attract competitive offers. Require a sizable earnest money deposit.