what does contingent mean in real estate

Best answer

epending on certain circumstances

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  • What does ontingent?mean when selling a house?

  • ontingent?or ending?status means that the home owner has accepted an offer from a prospective buyer and that the offer comes with contingencies. Contingencies are conditions that either the buyer or seller (or both) must meet for the sale to go through.

  • 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 are the different types of contingency in real estate?

  • What Are Common Contingencies In Real Estate? 1 Home Inspection Contingency. The home inspection contingency allows a home inspector to make an assessment of the condition of the home, checking out all the aspects of it that might … 2 Mortgage Contingency. … 3 Appraisal Contingency. … 4 Title Contingency. … 5 Home Sale Contingency. …

  • What is a contingency clause in real estate?

  • A contingency clause doesn’t necessarily mean all hope is lost for prospective buyers. Different states have different laws as it surrounds contingencies so you’ll want to speak with your Realtor about the current local rules for contingent homes.

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