Meaning of the word contingent in real estate
WebDec 7, 2024 · Contingent on a house means that the property is under contract but some contingencies need to be met before the sale is final. A property that is pending means there are no contingencies. You’ve probably seen the terms “contingent” or “pending” on a real estate listing. They look like this. WebAug 7, 2024 · A contingent status means that the seller has accepted an offer and the home is under contract. But the sale is subject to, or conditioned upon, certain criteria being met …
Meaning of the word contingent in real estate
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WebMay 20, 2024 · In general, contingent means “depending on certain circumstances.” In the world of real estate transactions, it means the sale depends on the contract’s … WebNov 1, 2024 · The basic definition of the word “contingent” means that something is dependent on certain circumstances. In real estate terms, if a home is listed as …
WebFeb 22, 2024 · What Does Contingent Mean? A contingent listing is very similar to a pending listing, but contingent status happens before pending status. For an accepted offer to be contingent, it means the buyer must sell another property in order to purchase a new one. The offer is “contingent” on the sale of the buyer’s other property. WebApr 6, 2024 · Contingent means that the seller has accepted an offer, and the property is under contract—but some of the buyer's conditions, or contingencies, need to be met before the sale is final. Pending...
WebA home that is in contingent status is still technically active, meaning the seller can receive other offers. Pending status, on the other hand, means that the status is no longer active, and the home can no longer hold showings for other prospective purchasers. How often do contingent offers fall through? WebBoth of these terms are used to convey the transaction phase that a property is currently in. Contingent in real estate indicates that an offer has been accepted and that the property is under contract. However, certain contingencies must be …
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WebApr 6, 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 … does benzedrex show on drug testWebJan 4, 2024 · In real estate, a contingency refers to a clause in a purchase agreement specifying an action or requirement that must be met for the contract to become legally binding. Both the buyer and... eye test medwayWebbook, podcasting 16K views, 538 likes, 250 loves, 276 comments, 279 shares, Facebook Watch Videos from Lance Wallnau: The Shocking Theory of America's... does bentyl help with gasWebIn its simplest form, contingency means “dependent on or conditioned by something else.” Contingency in real estate is an agreement between the buyer and seller that the real … does bentyl help with stomach painWebFeb 28, 2024 · What Does Contingent Mean in Real Estate? When you see a house listed on the real estate market under a contingent status, a specific requirement or condition must … does bentyl help with gas and bloatingWebTitle Contingency: If there are any issues with the title, such as an ownership dispute or lien, this contingency allows buyers to walk away if the problem cannot be resolved before … eye test motherwellWebAug 7, 2024 · A contingent status means that the seller has accepted an offer and the home is under contract. But the sale is subject to, or conditioned upon, certain criteria being met by the buyer and/or... does benylin cause high blood pressure