Backup offer Earnest money deposit Home sale contingency Staging 
Realty Biz
NOVEMBER 11, 2020
This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. If these contingencies aren’t met, the buyer can walk away from the deal. They will also get their earnest money deposit back , and the home will go back on the market.
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. Not all sales will have contingencies with them, but most will. Buyers need to keep track of their mortgage contingency to make sure it doesn’t lapse. Appraisal Contingencies.
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