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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.
20 mar 2023 · 78 Real Estate Terms and Expressions You Should Know. Whether you're ready to buy your first home or just need an acronym refresher, keep this glossary handy. You don't need a real estate license to find your dream home, but it does help to become familiar with real estate jargon you might encounter during the process.
3 wrz 2024 · I will walk you through what contingent means in real estate in all its forms, including a house being contingent, the different types and common contingencies, different contingent statuses, and the pros and cons of contingencies in real estate deals.
4 sty 2024 · An appraisal contingency is a clause included in a real estate purchase contract that allows the buyer to walk away from the deal and retain their earnest money, or renegotiate if the appraisal on a home comes back below the agreed-upon purchase price.
11 kwi 2024 · Contingencies are optional clauses in a real estate contract that state something must happen before closing — essentially, deal breakers. If the contingency isn't met, the buyer can walk away with their deposit.
At its core, when a property is listed as ‘contingent’ on Zillow or any other real estate platform, it indicates that an offer on the property has been accepted. However, there’s a twist. The sale isn’t final yet. Certain conditions, or ‘contingencies’, need to be met before the deal can be sealed.
25 wrz 2024 · What Does Contingent Mean In Real Estate? Contingent literally means “depending on certain circumstances.” When a house is listed as contingent, the buyer has made an offer and had their offer accepted by the seller. However, before the deal is complete, some conditions must be met.
