What Does Contingent Mean in Real Estate?
HomeLight
JUNE 9, 2023
These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. As of 2023, 79% of contracts included an inspection contingency while 82% contained an appraisal contingency. Until those contingencies are cleared, the house isn’t officially sold.
141 
Let's personalize your content