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What Does Contingent Mean in Real Estate Sales

Realty Biz

If you follow all of the proper steps in selling a home , you will never have to worry about accepting an offer with a home sale clause. This contingency is often required by lenders to make sure the home is worth what the buyer has offered for it. A land surveyor will be sent to the property to ensure there are no violations.

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The Meaning of Active Under Contract Explained

Realty Biz

The seller has agreed to accept a contingent offer from the purchaser. During this time, the seller can still accept backup offers from other interested parties. If the lender won’t fund the loan, the sale falls through. Making an Offer on a House Under Contract.

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What Does Pending Mean in Real Estate?

HomeLight

You’re browsing home listings, and your eyes land on a beautiful house in your price range. Can you still make an offer? We’ll also share tips on how you can make a strong, non-contingent offer so you’re not stuck in the pending zone. If the loan falls through, they can exit the deal without losing their deposit.

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Win More Bidding Wars: The 3 Cs of Writing Better Offers

HomeLight

You might have a $490,000 house and you have a $500,000 cash offer, and then you have like a $550,000 VA loan with 0% down offer. ” Well, the last thing a seller wants in a multiple-offer situation where they got 10 offers and it went crazy, is to have it go back on the market.

Agents 97
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How to Win a Bidding War: The 3 Cs of Writing Better Offers

HomeLight

You might have a $490,000 house and you have a $500,000 cash offer, and then you have like a $550,000 VA loan with 0% down offer. ” Well, the last thing a seller wants in a multiple-offer situation where they got 10 offers and it went crazy, is to have it go back on the market.

Agents 81