Remove Backup offer Remove Days on market Remove Finance Remove Pre-approval
article thumbnail

What Does Contingent Mean in Real Estate?

HomeLight

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. If I accept an offer with contingencies, what happens to my listing status?