what does contingent mean in real estate terms

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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 are the different types of contingencies in real estate?

  • There are a few types of contingencies in real estate, including: A financing contingency, also known as a loan contingency, means that if the buyer has trouble getting a mortgage for the home purchase, they can drop out of the contract with no penalty.

  • 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.

  • What is a contingency in a short sale?

  • If it a real estate short sale, meaning the lender must accept a lesser amount than the mortgage on the home, a contingency could mean that the buyer and seller are waiting for approval of the price and sale terms from the investor or lender.

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