HomeLight

JANUARY 31, 2024

You can then make a strong offer on your next home with no home sale contingency. Learn More What does contingent mean? In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met. How long can a house be contingent?

Purchase and sale agreement 101

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 101

Realty Biz

JANUARY 7, 2021

Buyers and sellers often think the negotiations are complete as soon as both parties sign the purchase agreement. The fact is that another round of negotiations is frequently needed after the house is professionally inspected. Nor should the inspector be involved in a second round of negotiations after the inspection.

Inspection 120

Inspection Purchase and sale agreement Loan contingency Loans 120

HomeLight

JANUARY 13, 2022

These conditions are known as contingencies, which is where the term “active contingent” comes from. Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Inspection contingencies.

Backup offer 76

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 76