Backup offer Earnest money deposit Finance Staging 
Realty Biz
NOVEMBER 11, 2020
They will also get their earnest money deposit back , and the home will go back on the market. The Mortgage Financing Contingency. Maybe they have an unsubstantiated cash deposit ? Most of the time, when a home is at the contingent stage, sellers are still interested in offers from other parties.
RIS Media
MAY 19, 2021
The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. Financing or Mortgage Contingencies. The majority of homebuyers use a mortgage to finance their purchases. Financing problems delay closing in around a third of all real estate transactions.
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