Does contingent mean sold? A property listed as contingent means the seller has accepted an offer, but they've chosen to keep the listing active in case certain contingencies aren't met by the prospective buyer. If a property is pending, the provisions on a contingent property were successfull...
The results of the inspection and appraisal are used to confirm the sales contract, which is why the initial agreement is commonly contingent on these two professional review services. Loan Processing If the buyer of the property is planning to use financing to purchase the real estate, both ...
Still, if the pending contract is contingent on a clean home inspection and the buyers back out, you may want to reconsider jumping in yourself. The home inspector might have found something that would make the property undesirable or even make it possible to renegotiate the purchase price. Som...
Some buyers make their purchase contingent on selling their existing home first. If they cannot sell their current home in time, their purchase deal could fall apart. The main purpose behind a current home sale contingency is to make sure the buyers have the proceeds from the sale of their ...
What does depend mean? 1 :to be determined, based, or contingent (see contingent entry 1 sense 1) life depends on food the value of Y depends on X. 2 : to be pending or undecided matters of greatest moment were depending— John Milton. 3a : to place reliance or trust you can depend...
FAQ: What Does ‘Under Contract’ Mean in Real Estate? Here are the answers to frequently asked questions about homes under contract. How do you beat a contingent offer? Neither a buyer nor a seller can back out of a home purchase contract without just cause, so even the best backup offe...
What Does Contract Pending Mean in Real Estate? Status Active Subcategories "Active" status may be further broken down into subcategories. "Active Contingent" means the house is still technically available, but its sale may be pending a buyer's financing approval. "Active Option Contract" means ...
requirements. However, because the buyer is acquiring all the liabilities of the company including any that may be undisclosed or contingent, the buyer must conduct additional due diligence to uncover any of these potential liabilities (e.g. pending litigation, warranty obligations or tax reassessment...
Still,one of the challenges facing golf bettors this yearis trying to determine how sharp the LIV contingent would be in majors given their more leisurely schedule and competition. The walls between the PGA TOUR and LIV could now come tumbling down, which should make it much easier to see ho...
Across Europe, far-right parties have made significant electoral gains in recent years. Their anti-immigration stance is considered one of the main factors