There are a few different kinds ofpending salesin real estate. The more common types include: 1. Pending – taking backups The seller accepted an offer on their home, but something hit a snag in the final stages; perhaps there was an issue with a contingency on the offer. Now, the sel...
Contingenciesare conditions that the buyer needs to be met before they can finalize the transaction on their end, and either party can still back away from the table. When a sale is contingent, it also may be labeled “under contract,” as the seller has accepted the buyer’s offer but ...
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...
A well-drafted real estate contract spells out the steps that each party must take to achieve close of escrow, when the buyer pays the purchase price and the seller transfers title. Many of these steps are contingencies, or conditions, that one party is obligated to satisfy. Depending on how...
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 ...
If you want to know what contingent means in real estate, we have the answers. Let's look at whether it makes sense to put in an offer on an already contingent home. What Does Contingent Mean in Real Estate? Listed homes for sale are classified in different ways to help you understand...
Twitter Google Share on Facebook contingent remainder n. an interest, particularly in real estate property, which will go to a person or entity only upon a certain set of circumstances existing at the time the title-holder dies. Examples of those potential circumstances include surviving one's ...
By definition, it means a future event or circumstance that is possible but cannot be predicted with certainty. In real estate, this clause defines a condition or action that must be met in order for a real estate contract to become binding (as aforementioned, with a home sale contingency in...
So, when that word “contingency” comes up in today’s real estate market, what can it mean for buyers and sellers? Home Sale Contingencies In many cases, when a contingency is attached to a home sale transaction, it comes along on behalf of the buyer. Many buyers, who already own...
Included in the computation of such fees or commissions shall be any real estate commission, selection fee, Development Fee, Construction Fee, nonrecurring management fee, loan fees or points or any fee of a similar nature, however designated. Excluded shall be Development Fees and Construction ...