what does contingent in real estate mean
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What does ontingent?mean when buying a house?
ontingent?in any sense means epending 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 contingent with kick out mean in real estate?
The last of the contingent clauses is known as ontingent with kick-out.?This is a common phrase to put into a contract. It means that if there is currently an offer on the property, but a better offer comes along, the seller has the option to accept the better offer.
What is a contingency clause in real estate?
If the buyer is having trouble getting a mortgage, or the property appraisal is too low, or there some other problem with getting a mortgage, a contingency clause means that the contract can be broken with no penalty or loss of earnest money to the buyer or seller.
What is a contingent show in real estate?
The first one is known as ontingent show.?This means that there is a contract on the property, but the owner is still willing to show the property and will accept offers as back-up offers in the case the offer that is currently on the table fall through.