So, instead of changing the status to conditional, they will mark it as pending in the multiple listing service (MLS). In some real estate markets, a contingent home might have its days on the market continue to increase as if it were still active for sale. Instead of the market time c...
There are a few different kinds of pending sales in real estate. The more common types include: Pending - Taking Backups The seller accepted an offer on their home, but something has hit a snag in the final stages; perhaps there was an issue with a contingency on the offer. Now, the ...
Pending: What This Means in Real Estate A contingent sale means the buyer and seller are waiting for specific conditions to be met before they finalize the sale, while a pending sale has met those conditions and is being processed. By Taylor Getler Updated Jun 30, 2022 Edited by Mary ...
As a general term, contingent means “upon certain conditions being met.” In the context of real estate, it means that the buyer and seller have agreed to the terms of a purchase and sale agreement, but only if certain conditions are met. This is common in real estate because there are...
aContingent on a variety of factors, additional income generated from real estate investments may give you access to more credit. Generally, lending institutions lend more money to people who make more money. The additional income made from real estate investments may open broader credit lending doo...
The young heir's contingent of the estate was smaller than he had hoped for 这位年轻的继承人所得的遗产份儿比他希望的要少。Whether or not we arrive on time is contingent on the weather 我们是否按时到达要视天气情况而定。By my will, my son has the contingent use of my real ...
“Contingent” in any sense means “depending on certain circumstances.” In real estate, when a house is listed as contingent, it means that an offer has been made and accepted, but before the deal is complete, some additional criteria must be met. ...
Real estate contracts are legally binding, so sellers can't back out just because they received a better offer. The main exception is when the contract includes a contingency that allows the seller to terminate the sale. Can I buy a house that is contingent? Can you put an offer on a ho...
What does contingent mean in real estate? Contingent means the seller has accepted an offer, but certain conditions need to be met before the sale closes. This means there’s still a chance that thesale could fall throughand the house goes back on the market, should those conditions go unme...
This article reports on results of market-based testing of the reliability of contingent valuation in actual situations in which it has been used to predict prices that would be paid for residential real estate. The testing reveals that contingent valuation did not accurately predict real-world ...