A contingent offer is widespread in most sales. However, buyers often leave out common contingencies to sweeten their proposal in a hot real estate market. Doing so will often increase the odds ofwinning a bidding war. A contingent offer is far less appealing to a seller than one without con...
Understanding the differences between contingent and pending can help you identify properties that you still might be able to buy, and also how to move forward if you’re interested. What does contingent mean in real estate? When a property is marked as contingent, an offer has been accepted ...
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. ...
“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 ...
Contingent value rights are the rights that are given by certain companies to protect shareholders and to try to coax them into...
What is vital to know is that both the pending and contingent status means an offer on the property has been accepted. Real Estate agents refer to this as a home goingunder contract. Once a contract has been executed, one of the things thelisting agentmust do is choose the appropriate sta...
Common in real estate, conditional offers are offers made by buyers to sellers that include one or more contingency or “condition” that needs to be met for the sale to occur.1 Alternate name: contingent offer Both buyer and seller must agree to the conditions. If the condition is not sat...
Accepting a Contingent Offer Specifically, this is a contingent offer based on the successful sale and settlement of a buyer’s property[4]. Since homeowners normally cannot afford to purchase new properties without selling their current residence first, contingent offers are common, especially in buy...
What is a "conditional offer"? What does the term "conditional offer" mean? A "conditional offer" can be made in many different situations, ranging from real estate transactions to job offers. A "conditional offer" occurs when an offer is made contingent on a condition (or conditions) being...
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...