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. Some or all of the
It is usually possible to make an offer if the home islisted as pending. However, the chances that it will be successful are low. When someone askswhat contingent means in real estate, it refers to the status in the multiple listing service (MLS). A real estate agent can make choices w...
Additionally, if it's a real estate short sale—meaning the lender must accept a lesser amount than the mortgage on the home—a contingency might mean that the buyer and seller are waiting for approval of the price and sale terms from the investor or lender. Or it could mean the seller ...
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...
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...
Here’s what “under contract” means in real estate, how under-contract home sales can fall through, and whether you still can make a successful offer on a home that’s under contract. Key Takeaways: An under-contract home is one with an accepted purchase offer, but with contingencies ...
“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. ...
Contingencies in 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 ...
In this article, we’ll explore the basics of consumer-packaged goods and some of the challenges in the industry. Image source: Getty Images What are consumer-packaged goods? Consumer-packaged goods are low-cost consumer goods that people use on a daily basis, which means they must replace ...
s report and follow up with any questions you have about what it contains. If the inspector has identified any necessary major repairs, you might consider making your purchase of the house contingent on those repairs being handled by the sellers or asking for a decrease in the sale price to...