Remove Backup offer Remove Earnest money deposit Remove MLS Remove Staging
article thumbnail

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. Most of the time, when a home is at the contingent stage, sellers are still interested in offers from other parties. In real estate jargon, this is referred to as a “backup offer.”

article thumbnail

Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

” 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.” Doing so could mean the forfeiture of their earnest money deposit.