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What Does Contingent Mean in Real Estate Sales

Realty Biz

The Mortgage Financing Contingency. While it is rarer for a home sale to fall apart because of a buyer not getting financing, it is still something where due diligence is essential. One of the standard contingencies in nearly all real estate contracts is delivering a clear title. These appraisal tips will help.

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10 Things to Know About the ‘Sale Pending’ Phase, aka House Closing Limbo

HomeLight

The buyer’s financing with a lender. Most buyers will add a number of contingencies to the contract, such as the home inspection, appraisal, and financing contingency. However, a number of hiccups can prevent those contingencies from being lifted, including: Irresolvable issues that arise during due diligence.

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