If a home you are interested in changes from active to contingent, it means that the seller has an offer with contingencies that need to be fulfilled. While this is still technically an active listing, and you can typically continue to make offers, there is a good chance that you won’t ...
Contingent vs. 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. ...
The term “contingent” refers to a specific condition or requirement that must be met for a sale or purchase agreement to be fully executed. Understandingwhat contingent meansin real estate is vital for buyers and sellers alike. These contingencies are typically outlined in the contract and protec...
“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. What does it mean when a property is ...
Contingency clauses are often used in real estate transactions whereby an offer to buy or sell a home is contingent on specific terms within a contract being satisfied. Buyer Financing A contingency clause in areal estate transactionmay require the buyer to obtain financing before thesellertransfers...
Contingenciesin a real estate contract allow either one of the parties to back out of the deal if certain specified conditions are not met. This could include a home inspection that reveals serious problems with the home or the purchase being contingent upon the buyer securing financing (see abo...
Breaking up is hard to do, but when it comes to real estate, it's an important step if you want to see other people. Kristi WaterworthDec. 10, 2024 Average Cost to Remodel a Kitchen The cost of your kitchen remodel depends on materials, labor, location and the scope of the project....
Lis pendens is a legal means for serving notice to anyone concerned with a piece of real estate that there is a claim and pending legal action against the property. It is important because it notifies potential buyers that another party has a claim to the property. If that party wins a la...
InNew York City, for example, many real estate agents advise their clients that the most valuable apartments are actually those just one floor below the penthouse because these units are more shielded from the elements. The views and light are almost as good, but with a buffer of not being...
Knowing this information in advance will help you avoid any unhappy surprises on closing day. 3. Mortgage Terms Your real estate purchase agreement will include information about how the home will be paid for. If the buyer isn’t paying in cash, they’ll need some sort of financing (like...