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What Does Contingent Mean in Real Estate?

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. Learn More Should I accept an offer with a home sale contingency?

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 141
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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

MAY 14, 2024

In March, first-time buyers were responsible for 32% of sales, up from 26% in February and 28% a year prior, according to data from the National Association of Realtors. Real estate professionals in Santa Monica attribute the increased share of first-time buyers to having fewer move-up buyers in the market.

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