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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. Perhaps the seller needs some time to fix up the home before it is ready for the market or it is new construction. Not all sales will have contingencies with them, but most will. .”

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Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98
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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. Some MLSs limit “coming soon” status to 21 days unless the property is new construction or undergoing major renovations without occupancy.

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