Remove Backup offer Remove Earnest money deposit Remove Inspection Remove Staging
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What Does Contingent Mean in Real Estate Sales

Realty Biz

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. Most of the time, when a home is at the contingent stage, sellers are still interested in offers from other parties.

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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. Common real estate contingencies include the following: Inspection Contingencies. The most common contingency is the home inspection contingency. Appraisal Contingencies.