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Can You Put an Offer on a House That’s Contingent?

RIS Media

Once you find your dream home and it happens to be marked as contingent, you can still place an offer. Here’s all you should know about contingent sales as a potential home buyer. Contingent meaning. An active listing means the home in question is currently on sale, and sellers are actively open to offers.

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What Does Contingent Mean in Real Estate Sales

Realty Biz

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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4 signs a pending home sale will fall through

Real Trends

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

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What Are Common Terms and Conditions in a House Offer

Realty Biz

When the home inspection finds some problems, the seller might agree to cover the cost and have the problem fixed. The language in the offer to purchase will allow you to escape the sale with your money back. Mortgage Financing Clause. Most home buyers do not have the finances available to buy without a mortgage.

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Making a Contingent Offer: Common Real Estate Contingencies

Windemere Buying

Contingencies protect buyers and sellers against these natural characteristics of the home buying process and any problems that may arise before a home sale is finalized. Making a Contingent Offer on a Home. Financing Contingency. Home Sale Contingency. Title Contingency.

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A Seller’s Guide To When A Buyer Does and Doesn’t Get Their Earnest Money Back

HomeLight

The Financing Contingency : This contingency, sometimes called a mortgage contingency, is also only applicable to offers requiring a mortgage to purchase the property. It is simply a period of time that the buyer sets to secure financing approval from a lender for the purchase of the home.

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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

Step 5: Securing Home Financing One of the critical steps in the home-buying process is obtaining the necessary financing to purchase the property. Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount.