What does contingent mean in real estate? A contingent property means the seller has accepted an offer, but the deal depends on certain conditions—like inspections or financing—being met. It remains an active listing since it could still fall through. If all contingencies are satisfied, the sa...
the seller may entertain backup offers. It is possible for the first deal to fall through and for the backup buyer to end up buying the home. Your real estate agent may have some insight into the current deal to help you decide if it’s worth looking at a specific listing. ...
A“contingent” listing also means that the seller has accepted an offer, but some things still need to be completed on the way to closing. Contingencies are a frequent requirement in a home purchase contract and must be met for the transaction to progress. So that you don't miss out on ...