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What Does Contingent Mean in Real Estate?

HomeLight

The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. What are the most common contingencies?

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What is a Contingent House Listing?

Point2Homes

A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. No Showings.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

Let’s have a look at the most common types of contingency you are likely to see. Home Inspection Contingency. The purchase of the property can be contingent on the home inspector’s report. If the home requires some repairs, the price can be renegotiated, or the seller can fix the issues.

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Can You Put an Offer on a House That’s Contingent?

RIS Media

Appraisals that are lower than expected may put a home back on the market. Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property. Is it worth it to buy a contingent home?

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Real Estate Terminology: Contingent, Pending, Under Contract, and More

Windemere Selling

Pending: When a home is listed as “pending” it means the seller has accepted the buyer’s offer and the sale will most likely be finalized after a successful final inspection and the buyer securing financing. What does contingent mean in real estate? What is the difference between pending and under contract?

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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. Not all sales will have contingencies with them, but most will. Common real estate contingencies include the following: Inspection Contingencies. Pending Meaning.

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What Is a Home Sale Contingency?

HomeLight

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.