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What Does Contingent Mean in Real Estate?

HomeLight

JUNE 9, 2023

average % of contracts with an appraisal contingency: 80% Financing contingency Also known as mortgage contingency , the financing contingency states that the buyer can back out of the deal if they can’t get their loan to go through. Contingent listing This status lets buyers know you’ve accepted an offer with contingencies.

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What Buyers Can Do in an Extreme Sellers’ Market

Realty Biz

MAY 24, 2021

Learn the number of new listings that have come on the market in the past month or six weeks. Learn the number of days these houses have been staying on the market before an offer is made. This is called days on market or DOM. Even if you are outbid, make your best offer a backup offer.

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