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What Does Contingent Mean in Real Estate Sales

Realty Biz

Home Inspection Contingency. Home inspections are one of the biggest hurdles in home sales. It is not uncommon for a home to go from being market “contingent” to “back on the market” because of some issues discovered from the home inspection. Home Sale Contingency.

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Contingent vs. Under Contract: What Do These Terms Mean?

Marco Santarelli

This could be related to financing, inspection reports, or other factors that need to be addressed before the deal can proceed. If you're selling your home, setting contingencies protects you if something comes up with either buying another property or finding an acceptable offer from someone who wants to buy yours.

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

RIS Media

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Real estate listings go through different stages. An active listing means the home in question is currently on sale, and sellers are actively open to offers. Home inspection problems. Contingent meaning. It depends.

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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. Image Source: Getty Images – Image Credit: xavierarnau. What does contingent mean in real estate?

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What Happens After Making an Offer on a House?

Windemere Buying

However, celebrating at this stage in the buying process could leave you heartbroken if your offer isn’t accepted. So, what happens after you make an offer on a house? Revealing what goes on behind the curtain in this critical stage of the buying process will help you understand what to expect next.

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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. What Other MLS Statuses Are There?

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Zillow vs. Family Owned Brokerages: 6 Ways First Team Real Estate Saves Southern California Homeowners Thousands When Selling A Home

First Team Real Estate

Home Repairs and Staging. So we assess exactly what repairs and staging techniques will have the greatest return on investment for your home specifically. More sellers trust First Team because we bring more buyers to the table, immediately driving demand and ultimately maximizing your sales price. Our Strategy. Their Strategy.

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