When checking online real estate listings, you might encounter phrases you don’t recognize. One such phrase is “contingent,” but what is a contingent sale, and how will it affect your property transaction? Realtors often assume that consumers have a firm grasp of all the real estate terms...
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. ...
Can you make an offer on a contingent or pending home? It is important to remember that you can make an offer on a home at any stage of the process, and this is why having the most up-to-date information and a real estate agent who knows how to handle complex deals is essential. ...
Estate planning is the process of documenting your wishes and how you want them to be carried out following your death. It’s an essential part of your end-of-life plan. Still, many people aren’t sure what an estate plan entails or why it’s so important. In this guide, we’ll exp...
A real estate purchase agreement legally binds a buyer and a seller into a home sale. Learn what's included in a home purchase agreement and more.
Primary and contingent beneficiaries: what’s the difference? How to choose a contingent beneficiary What happens if your primary beneficiary is deceased and you have no contingent beneficiaries? Frequently asked questions When you purchase life insurance, the real goal is to make sure your lov...
Real estate taxes that have occurred but the tax bill has not been received Worker compensation insurance premiums which have occurred but the bill has not been received These liabilities must be recorded by using estimated amounts. Related Questions What is a contingent liability? Where is a co...
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Various types ofsale and settlement contingenciescan include a buyer's offer is contingent on selling their existing property within a reasonable time frame. If the buyer cannot, the seller can market the property to other potential buyers. In some cases, the buyer may have already sold their p...
Contingent immunizationis a type of contingency plan used in fixed-income investing. It involves the fund manager switching to a defensive position if the portfolio drops below a predetermined value. Business Continuity and Recovery As part of a contingency plan for disasters, such as a pandemic, ...