Search results
17 kwi 2022 · A real estate contingency is a part of the purchase and sale contract that details specific, measurable conditions that must be met by a preset deadline to successfully advance the deal. If the conditions are not met, the buyer can choose to terminate the contract.
When a property is marked as contingent, an offer has been accepted by the seller. Contingent deals are still active listings because they are liable to fall out of contract if requested provisions are not met. If all goes well, contingent deals will advance to a pending state.
27 maj 2024 · Sometimes a contingency clause is attached to an offer to purchase real estate and included in the real estate contract. Essentially, a contingency clause gives parties the right to back out of...
A short sale contingent allows the homeowner to accept an offer that is less than the outstanding mortgage balance. However, buyers interested in short sale properties must be aware of the potential delays and complexities associated with negotiating with multiple parties, including the lender .
13 sty 2022 · Key Takeaways. Home sale contingencies are clauses in a real estate sales contract that protect buyers who want to sell one home before purchasing another. If the buyer’s house sells by a...
26 sty 2024 · Short sale contingent means the seller has accepted at least one short sale offer on the property, but the agent is still listing it to get backup offers. For the seller, it's a good insurance policy if the current deal falls through.
26 maj 2024 · A short sale usually indicates a homeowner in financial distress, a real estate market in the doldrums, or both. The short sale must be approved in advance by the mortgage lender.
