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What Does Contingent Mean in Real Estate Sales

Realty Biz

The home could be subject to a few different types of contingency. 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. Appraisal Contingency.

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What Buyers Need to Know About Making an Offer on Active Contingent Listings

HomeLight

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Common types of contingencies.