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. Purchase mortgages today are taking over 40 days to close on average.
Let's personalize your content