Remove Backup offer Remove Due diligence Remove Inspection contingency Remove Title
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What Does Contingent Mean in Real Estate Sales

Realty Biz

The home could be subject to a few different types of contingency. Let’s have a look at the most common types of contingency you are likely to see. Home Inspection Contingency. The purchase of the property can be contingent on the home inspector’s report. The Standard Contingency Rarely Mentioned.

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

HomeLight

However, a number of hiccups can prevent those contingencies from being lifted, including: Irresolvable issues that arise during due diligence. Title work reveals unresolved issues. Line up backup offers to hedge your risk. There’s title work, which takes anywhere from two to five weeks.

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