Remove Due diligence Remove Earnest money deposit Remove Home sale contingency Remove Staging
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What Does Contingent Mean in Real Estate Sales

Realty Biz

This means that certain clauses have to be completed, by perhaps both buyer and the seller, for the sale to close. If these contingencies aren’t met, the buyer can walk away from the deal. They will also get their earnest money deposit back , and the home will go back on the market.

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What You Need to Know If You’re Buying a Home from the Owner

HomeLight

Either way, you don’t want to get yourself stuck in a situation where you waste your time attempting to purchase a home, only to be disappointed. If the seller is working with a listing agent, their agent will more than likely have already done their due diligence to make sure they are able to sell their home.