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Home sale contingency Inspection contingency Earnest money deposit Purchase and sale agreement Short sale Inspection MLS Staging Finance Closing More Related Topics >
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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

JULY 6, 2023

In the meantime, with a “Contingent” status, the seller is typically allowed to continue showing the home and accept backup offers in the event something goes awry. Financing contingency Sometimes called a mortgage contingency , this specifies that the deal hinges on the buyer securing their loan. Quite simply, life happens.

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MLS Backup offer Inspection contingency Purchase and sale agreement 91
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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

MAY 19, 2021

The contingent status typically allows the home to be shown to other possible buyers, allowing backup offers to be made. Financing or Mortgage Contingencies. The majority of homebuyers use a mortgage to finance their purchases. Buyers need to keep track of their mortgage contingency to make sure it doesn’t lapse.

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Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98
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