Can a Seller Back Out of a Contingent Offer? Possibly. It depends on the terms of the purchase and sale agreement with the buyer. If, for example, the contract has a contingency that allows the seller to cancel the deal if the buyer fails to secure funding by a certain date, the selle...
When it comes to contingent vs pending homes, both mean an offer has been accepted but neither means the sale is final. Learn how they are different here.
Active - First Right: If the buyer cannot match additional offers made on the contingent house, the seller can opt-out. Active - Kick Out: If the buyer cannot sell their current home in time to pay, the seller can opt-out. Common pending types in real estate ...