RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Two important statuses in the MLS are “Contingent” and “Pending.” Common real estate contingencies include the following: Inspection Contingencies.

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Realty Biz

NOVEMBER 11, 2020

They will also get their earnest money deposit back , and the home will go back on the market. Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. In real estate jargon, this is referred to as a “backup offer.”

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

HomeLight

OCTOBER 20, 2020

It’s standard for homebuyers to pencil in these escape hatches in the event that the home fails to appraise, an issue crops up with the title, or if they’re unhappy with the results of the inspection. This tells other buyers that the home is still available for showings and backup offers. It’s not instant.

Backup offer 58

Backup offer Purchase and sale agreement Earnest money deposit Home sale contingency 58

HomeLight

MARCH 20, 2023

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. A kick-out clause acts as a sort of compromise in light of an offer with a home sale contingency.

Home sale contingency 97

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 97