Redfin

JUNE 17, 2025

A bumpable buyer is someone who has an accepted offer on a home but the sale depends on them selling their current home first. This is called a home sale contingency. Because the deal depends on another sale, sellers often include a bump clause in the contract.

Backup offer

HomeLight

MARCH 20, 2023

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.

Home sale contingency

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. An offer has been accepted, and the sale is expected to close.

MLS

Point2Homes

DECEMBER 8, 2020

Contingent Statuses. Homes for sale may be subject to different contingent statuses, which may also be referred to differently, according to the individual multiple listing service (MLS). Nonetheless, whether you’re buying or selling a home, it’s essential to have an intimate understanding of contingencies.

Purchase and sale agreement

Realty Biz

NOVEMBER 11, 2020

Understanding how a home inspection works is essential for both buyers and sellers, given the importance of this real estate transaction phase. Home Sale Contingency. If the buyer still needs to sell their home before they can close on the new property, a home sale contingency can be put in place.

Backup offer

RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? Contingent vs. Pending? Not all sales will have contingencies with them, but most will.

Purchase and sale agreement

HomeLight

OCTOBER 20, 2020

In addition, some buyers (about 6% according to NAR’s most recent measure) will add a contingency to accommodate the fact that they need to sell their current home before purchasing yours. This is called the “home sale” contingency. An ideal situation would be to receive an offer without a home sale contingency.

Backup offer