Choosing a contingent beneficiary is an important decision that requires careful consideration. It’s advisable to consult with a financial advisor or an estate planning attorney to ensure that your contingent beneficiary designation aligns with your overall financial and estate planning goals. Now that ...
"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 that the seller has accepted an offer from a purchaser, but the contract ...
Active contingent means the same thing as “contingent.” A seller has accepted a buyer’s offer, and the property is technically off the market. The owner cannot accept a better offer from another buyer unless the original buyer does not proceed with the sale. Agents also refer to this as...
Related: How Does Buying a House As-Is Work? Why Can’t I Find an Affordable Starter Home? In December 2019, the national median existing-home price for all housing types was $274,500, according to National Association of Realtors data. Since then, home prices have skyrocketed. In August...
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...
Different valuations can mean different things and are often used for different reasons. The two types you’ll most likely encounter are market value and assessed value. Here's a quick explainer on market value vs. assessed value: Market value is the estimated amount active buyers...
How does an immediate annuity work?In return for your lump sum, the insurance company promises to make regular payments to you (or to a payee you specify) for the chosen length of time – most commonly for the remainder of your life, however long that may be....
The trustee plays a crucial role in the management and distribution of a trust. Find out what the trustee's responsibilities are and how to choose one.
On the other hand, although the proposed two constructs (i.e., the logistics-related knowledge generation and shared interpretation) were removed during the measurement model assessment and dismissed to verify their effects on creativity, it does not mean they are not important and can be ignored...
What Does "Silver Certificate" Mean on a Dollar Bill? The term Silver Certificate represents legal tender in the form of paper currency. The certificate was once redeemable for silver, but can now be exchanged for its face value. In many cases, though, collectors will purchase them for ...