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.

MLS 105

MLS Backup offer Inspection contingency Purchase and sale agreement 105

Redfin

JUNE 17, 2025

This allows them to keep showing the home and accept backup offers. If a stronger offer comes in, the seller can ask the original buyer to either remove their contingency or step aside — effectively “bumping” them out of the contract. A home with a bumpable offer is still active, and the seller can accept a stronger offer.

Backup offer 31

Backup offer Pre-approval Home sale contingency Equity 31

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. .”

Purchase and sale agreement 98

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